I agree it's to easy. I have also followed LCC since 91 also and made some good money on it. I sold all my shares earlier this year in mid 13's because I wasn't confident take over would happen.
I am surprised by current run up in price and wonder if it is related to AMR stock increase, up 12 times from $ 0.36 low. I have never seen a company in bankruptcy increase in value. Usually shares are worthless. For what it's worth some people have made a fortune with AMR in BK.
Let me know where you will be posting in future as I have enjoyed and appreciated your input.
It seems like there's been only one trading session all month that LCC closed down. Amazing.
You would think a correction is inevitable after such a run -- and it probably is -- but at what price level?
I'm thinking it's most likely to happen in the $18s, as that's where some of the analyst target prices are. Of course, if oil continues to moderate -- and Lord knows, that's a logical bet -- we'll probably see LCC's target prices increase.
When thinking of Cyprus Banks... don't forget that the overwhelming majority of depositors are foreign billionaires that have avoided taxation in their own countries for decades. A 10% penalty is pocket change to them.... and they are probably happy to pay for it. Think of the 75% income tax imposed by Holland in France for instance....... the high tax rates in Germany.... the crooked systems in place in Switzerland, Liechtenstein, Luxembourg, etc.
IMO.... nothing will happen. Mrs Merkel knows what she's doing.