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UAL Corporation Message Board

  • aznkewlboi00 aznkewlboi00 Oct 20, 2008 2:10 PM Flag

    Heres my view

    The shorts are expecting bad balance sheet. What they don't understand is so are the longs. EVERYONE is expecting a bad balance sheet. The main point however is the price of the stock relative to the expected losses. MY BELIEF is that the negativity of the 3rd qrter results is already priced in at 10.50 to 11.

    As for OPEC and the price of oil. The price of oil is going up however the upwards momentum will not last. Oil will not pass 85. I think airlines are still very profitable. Despite many analysts' bullish predictions of oil they forget about the scar oil left for many consumers. Demand for oil will not spike anymore. Even with the cheap gas prices consumers will still try to squeeze every drop of gasoline in their cars and leave it at that.

    Did anyone cover and buy at 7 to 7.50 range? Don't want to say i told you so. Could of made a pretty penny ;).

    note: I am currently holding shares of UAUA

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