Where is the huge miss. From what I read they beat and they raised guidance for 2016.
The board makes decisions that guarantee they receive their allotted funds and pay while the share holders take it on the chin. So I invest at 34 last July. So now the company want's to sell shares for less to reduce debt and use the funds for company business. Company business being to allot more options to themselves and pay their salaries that they are not earning. Forrest did share that you never know what you will get in a box of chocolates. What's another 6% loss in one day for share holders as long as I am looked after. Keep smiling.
Call it what ever but LUV hit 37.19 but not 37.18. I sold at 38.00. Factory orders fell for the eight time in nine months and the market takes off again on this bad news. This can not continue to happen. Sooner or later, as I have no idea when, this market is going to tank. As a result I will only trade. No investments as I am not on the inside aware of how high wall street will take a stock that is making no money only to have the ignorant retail investor holding when they short it.
In the back office the FED just called and told my boss money on the way. Buy! Buy! Buy this market. He did and I guess a lot of other financial institutions did. Not going to go on forever.
Sold those at 38 as it appeared they were not going to let it go. Sellers continued to refresh on offer. Bought 1000 this morning for a trade not an investment at 37. 30. Stop at 37.18. DAL had some negative news this morning. Do think LUV in good shape but it will go with market.
Profits down 40% and bad things didn't happen? Delinquencies down to 8.4%! Yes this should make it go up 5 points. Wall street doesn't need good news.
This is just plain manipulation by wall street. So LUV lowers estimates and the rest of the airlines now do not have anything to fear so they all go up! Right! Of course it is nice to be on the correct side but this is baloney and Wall Street is serving steak. Well you can be sure that they are getting a much bigger piece of the steak. Wall street positioned themselves with a bunch of longs. Now I see that Credit Suisse has a buy and a 49 price target by the end of the year. Will be interesting to see if this is a sucker punch or not.
They must have got enough shares covered to go long. Will have to see if this keeps going. Got 2000 shares of LUV also. Now need to discover what created the spike.
They must have got their shares covered and went long.
Hope it works out. Wall street is the problem for airlines at present as they move the market.
They are short this sector so until they cover I do not see much of a move up. Oil is low and I do not think that they will raise interest rates despite the rhetoric. The free money is what is keeping the market up. Wall street could be covering this sector right now for all I know. If that happens and they go long then that will be great. I am going to wait until it closes above 43 with volume before I buy and then use a stop loss. This market will not go up for ever and for now I am only trading. I think that the airlines should be trading higher from a fundamental standpoint but wall street does what ever makes them the most and the easiest. GLTY
Do not see the heavy buying. Gap and trap's are more reflective of stocks moving lower. Again that could just be for covering purposes.
You may be correct but there are a lot of shorts in this stock. These are not the shorts that permit a short squeeze. Thinking they will need to cover first. Last week there was a lot of shares exchanging hands. Maybe it was a lot of shorts covering to clients selling. If that was the case we maybe could see a little bounce. Waiting to see that begin to happen before I buy. It could just be a consolidation for another move lower. We will see.
Question is, "Does the market sell off after 2 PM. The news has been very negative but of course that is always good. The FED will put off raising rates and keep giving the financials money to keep on keeping on.
More and more folks are flying to destinations and rent vehicles. Population getting older and many of those folks that drove longer distances do not want to drive. In this day when most things need to happen immediately you fly rather than drive. Folks would rather fly that hit all the stop and go traffic in the city's. Folks take their grandkids on holidays and fly them home. There is less competition in the airlines and great demand.
Airlines now make money and lots of it. Wall street will short airlines to make a big buck just like they do other sectors. This big drop had nothing to do with fundamentals. It was an easy mega million dollar gain for wall street. They control the market. They control the money or should i say the debt. Will they create bankruptcy?
Yes I believe they and the government will. The next depression will be much worse than the last. Many folks only know how to take handouts. Many folks do not know what it is like to do with out. Their responses are going to be much more hostile and violent than in the last century. Does this mean airlines go up from here! I have no idea. They are consolidating here. Wall street will decide what direction they take next.
Interesting how wall street treats this company differently. Gap down and then buy, buy, buy. Much worse earnings at GCO. You do not think that Wall Street was short KORS?
What the big money (GS, JPM) does is takes a position short such as CGI at 25. So they then have news to take it down. They then use trading capital to short more shares and take them lower. Then they begin covering. Clients often want out of sectors and companies that are going down. They cover their shorts of the initial investment which is all gravy. Their trading capital usually makes money also but even if it doesn't they make more money. Example. GS has an initial short of 45. Negative news takes it down to 40. They take it lower by shorting more so now it is at 37.50. They begin covering at 37.50 with clients shares and others that no longer want this company in their portfolio. So they cover their initial short for an average of 38.10. They made an extra 1.90 from the 5 point gain they were going to be making at 40. They also cover their trading short for an average of 38.75. The average short cost was 38.70. So they lost 5 cents on their trading capital but made an extra 1.90 with their investment trade along with the initial 5 points that they were up. There is a reason they make over 100 million a day trading. With their multi millions they decide where the market is going.
It usually goes down during June and July. Do think it goes lower. Market appears that it is going to go down some and this will follow.
Appears that we may be going to have a market correction. Wall street beginning to short a lot more stocks. When this gets serious like it appears the market moves down. After 6 years of nearly straight up one knew it would come.