Mr. Einstein looks into camera and takes a bow, lol. Once again great company. IMHO it coild go down to the mid thirties where it has great support prior to July 21st earning. Basing this on a market pullback. I just don't see a short term cataylst for a sustained move up until earning unless their buyback pushes them up. On the downside pressure I see the airlines as a group going down due to negative sentiment, fundamentals still good. Plus the market appears weak short term. I want to get back in but won't buy unless it hits $34-$36 range. One positive is the Motley Fool wrote a bad article on LUV yesterday, another positive is Cramer has backed off a bit on the stock and yet another positive is market edge has it listed as a short candidate.
I think it is going back into the $30's. The airlines have not participated in the most recent rally. I suspect there will be a pullbacl in stocks than LUV goes below $40. Although it has seen very good support at the levels it is at today. IMHO
That is the catalyst if it gets approved. However a company like TEVA with all their resources is having a problem bringing it to market. Also Sanofi had to pull their device off the market. ADMP already got turned down and is hoping they can get approval. Whoever reviews this for the fda must be pretty tough. So it is no slam dunk that admp is gooing to get approval. As a matter of fact I would say odds are no approval. If they do the stock will sky rocket. If not stock will definitely be under $5 short term if not lower. Recent price action has been very good although all the volume traded today and no move concerns me. IMHO Good Luck to all.
Lol, I saw that too. What a #$%$ article. I am concerned that they had like a 14% drop in the week before earning. Seems like some earning news leaked out to some large institutions. Generally not a good sign before earning release. I can't believe they didn't sell out to TEVA and here they sit at 50% below that price.
Do they actually have a committment to complete the buyout. Based on the way the stock is moving it doesn't look like they are buying back. If I were the agent buying I would wait as it seems like the airlines are tanking. LUV has had a lot of good news and upgrades since earning but has fallen back.