stupid stan, you also told us longs that 107.5 was the high for the year and that it would be going straight to 90 -- didn't you?
a few weeks ago he said that we wouldn't see 107.50 for a long time. Back then a "long time" was three days --- lol lol
LUV's been running these types of fare sales 2-3 times a year for at least a decade. They know what type of spike in traffic to expect.
What's different this time? This is the first of the sales to happen after implementation of the new "international included" reservation system - which obviously did not live up to expectations.
That being said, I did set a record yesterday: 3 hours and 1 minute on hold trying to change a reservation. Luckily I was on a speakerphone so I was doing other things as I waited, and waited, and waited ...
The website is still screwed up this morning. At least now it seems that you can log in and make reservations, unlike yesterday. Still can't change a reservation online
Stan, those puts of yours are so far under water that I'm surprised that you haven't drowned yet -- or have you?
and tell us again that GILD isn't EVER going above $107.50
and that those GILD July $115 puts are going to make you rich
you should try out your act at a comedy club. You really are quite funny.
stan's just a dope. He loves bashing stocks and when he loses he ALWAYS says he got out and diodn't lose much.
That IS the way it goes, doesn't it stan?
I expected it to start to rise starting at about $10US.
says the guy who on June 29 also said: "From a chart perspective, this is just a retest of the breakout point when the stock initially broke to 52 week highs. We found support at 117, and it's heading back up. I'd expect a short term trading range from 117 to 123 until earnings."
Look in the mirror and say "oooooops!"
It was overbought. Look at the cart, it falls a bunch EVERY TIME it gets overbought as measured by RSI. Every time -- for the last 3+ years.
Market rends probably helped the fall, but a fall was going to happen.
overbought august, 2014 - then what happened?
overbought march, 2014 then what happened?
overbought november, 2013 - then what happened?
overbought october 2013, then what happened?
overbought september 2013, then what happened?
overbought august, 2013, then what happened?
overbought march 2013, then what happened?
overbought september, 2012, then what happened?
do you see a pattern developing?
Acually it fell from 110 to below 90 when it was overbought last August.
overbought august, 2014 -low below 200 day avg
overbought march, 2014-low below 200 day avg
overbought november, 2013- low 50 day avg
overbought october 2013- low 50 day avg
overbought september 2013-low 50 day avg
overbought august, 2013-low 50 day avg
overbought march 2013- low below 100 day avg
overbought september, 2012-low 50 day avg
and in looking at the chart, I missed two
november 2012-low 50 day avg
July, 2014 - low just above 50 day avg