LCC was a good call as a potential takeover play - but only to the extent they were being used to facilitate the other more desirable transaction. I don't see an imminent scenario where they get put into play again, however. And that premium loss is at least part of the reason why it underperforms when revenues come in light or fuel prices spike. And obviously their unhedged position makes the market more jittery.
Have you been following that bk case? May want to tune in. WAMUQ isn't the only class of security at play there. And no I'm not a day trader nor who you alluded to in your earlier post. Sorry if you view me as a nemesis vs. an inquisitive investor who appreciates the theses behind others' investment decisions.
BTW, if you have been following me on LCC, you will know that I called for a UAL+LCC merger by April of 2010. And the news came out exactly during that time. Granted it didn't happen. Neverthless... Guess what? I made that call 6-8 months before April. Does that mean I have inside info? Guess again. I made that call purely reading the tea leaves and public information. You can ask anyone about this on LCC board.
This is no different...Read the tea leaves.
What I post is my 'opinion'. You can laugh about it all you want. I am not here for a popularity contest. Time has ALWAYS proven me right. And trust me, all I got is time. Unlike whiners like yourself.
BTW, I am not claiming that MENT will be imminently bought. I was just quoting the Casablanca guy. I take your reading skills are sub par.
As for my LCC picks, well, we shall see.
Oh, BTW, I know exactly who you are now. I think I have a pretty good idea. My old nemesis. I am not talking about the rainman BTW.
I don't disagree that he is occasionally correct. I was buying LCC at lower prices even than that. But representing that something will be imminently bought out is more than a little misleading without insider knowledge. And then it's illegal....
You can laugh all you want. Stockmiester was recommending LCC at $2.40 when I bought in and I sold out at $11.70. I bought back in at $9.00 and have steadily bought more down into the 7's. I have a good idea this stock will see $11-12 in the next 90 days. Also with MENT, if you look back he was recommending this in the $7 range. This guy has made me alot of money in the last 2 years. Keep up the good work Stockmeister. bk