Nice play, and I know you've been it awhile. I just got run over on amr short. I was out yesterday and damn, 10% spike, with no stops in place. Makes sense though, companies that lose $$$ go up 100% in 2 months. I guess they buy jet fuel somewhere else, because the last time I looked oil was still $60. Jesus !!!
The transports have showed strength for whatever reason. The irony is that oil inventories are up and that drives the price down. They keep forgeting that imports are at an all time high. Bottom line is they will go down over time. AMR is in the best position of the major air lines especially when you search for fares, they are always high.