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GOL Linhas Aéreas Inteligentes S.A. Message Board

  • rbotterb rbotterb Jan 24, 2008 2:30 PM Flag

    Nibbling Again for IRA

    Picked up a small additional 50 shares for my IRA to add to my 100 I had from a couple points higher.

    It's looking more and more like the big pullback the Tuesday morning may have marked a short term bottom (though I still suspect over time we all have much lower territory in the US markets to deal with as 2008 unfolds).

    So now I'm starting to nibble here and there on new shares.

    Even considering popping my box position on TAM after several weeks by covering my short position and going net long as well - not quite ready to pull the trigger - I might want to see these airline stocks rally alittle bit more to get away from technical breakdown levels by rallying above their current support levels before I get more bullish. But things may finally be getting better enough to get a bit bullish - at least for some trades on the long side.

6.87+0.08(+1.18%)May 27 4:02 PMEDT