The Airlines' Recent Death Defying Actions [View article]
Two days ago, JP Morgan recommended people overweigh their portfolios with airline stocks. Today LCC sells 19 million shares plus to Lehman. Is this the old pump-and-dump?
In July when LCC was at $2 and everyone considered it a dog-with-fleas, no one liked it. Today it is Lehman's little darling that everyone should own. A stock being talked up by a brokerage is really creepy.
Once oil is done going down, I am afraid there will be little reason to own this group of companies. Today oil closed at $115 and is headed down as of this comment. Today T. Boone Pickens puts oil's bottom as low as $110, but not $100.
The Airlines' Recent Death Defying Actions [View article]
In July when LCC was at $2 and everyone considered it a dog-with-fleas, no one liked it. Today it is Lehman's little darling that everyone should own. A stock being talked up by a brokerage is really creepy.
Once oil is done going down, I am afraid there will be little reason to own this group of companies. Today oil closed at $115 and is headed down as of this comment. Today T. Boone Pickens puts oil's bottom as low as $110, but not $100.
Clark Jenkins
FishGoneBad.com