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Interestingly, JetBlue (JBLU) stock has traded over the last few days in line with the scenario I described earlier. There was a first-day drop on Tuesday, followed by a snapback rally on Wednesday. We'll see whether we close with further gains today, as happened on d+2 for Northwest (NWACQ) in 1999.

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Source: Is JetBlue on the Rebound?