Thursday, March 29, 2007

Weakness In The Airlines



On Monday I posted a few comments about the weakness in the Airlines. Since then we've had 3 down days as crude oil surges higher.

Today the XAL index got down to the low from 2 weeks ago and is close to making a four month low if that level is taken out.

I didn't short any of these stocks because they aren't my favorite stocks in the market to trade. AMR and CAL are OK to trade, but the rest of the airline stocks are thin and not that volatile, yet they would have been profitable.

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