Delta Air Lines, Inc. (DAL)

35.91
0.73 2.00
NYSE
Prev Close 36.64
Open 36.48
Day Low/High 35.44 / 37.68
52 Wk Low/High 33.40 / 52.28
Volume 17.63M
Exchange NYSE
Shares Outstanding 640.01B
Market Cap 21.46B
P/E Ratio N/A
Div & Yield N.A. (N.A)

An Observation

Very quietly, a number of reopening plays are coming well off of their lows - though the S&P is still near its low.  Such names as , , , , and come to mind.

Hotel California

* What's to like? Very little.. * Though the averages have held up (thank you "Nifty Seven"), a look under the hood reveals a dismal picture of broken stocks and charts  "Last thing I remember, I was Running for the door I had to find the passage ba...

Jump Aboard Boeing Now Before Takeoff

Jump Aboard Boeing Now Before Takeoff

The skies are clearing for Boeing, with multiple catalysts on the horizon.

Covering 2 Airlines, Increasing VIAC

I just covered half of my remaining and shorts.  I can't explain the weakness in ViacomCBS and I have further increased this already large long position.

No Upticks Here...

, and have no bottom!

Travel Is Dismal

As a general observation, the travel space - transports and hotels - are just terrible.  Look at ,  , , , , etc.

Covering FXLV, UAL, DAL

is at a low from the IPO and I have covered some of my short position. I have covered a portion of my and shorts.

3 Short Moves

- Shorting more Disney . Here is my short thesis. - I'm covering some short at $41.45 now. - I'm covering some of my short at $48.25 now.

Market Volatility, Fed Speak, Earnings, Treasury Bonds, Trading Apple

Market Volatility, Fed Speak, Earnings, Treasury Bonds, Trading Apple

There probably will be an intense period of market volatility that could stretch farther out than even I projected a couple of months ago.

Today's Trades

* Bought and . * Covered and shorts. * Covered SPY short puts and added to short calls. * Shorted , , , , , , and .

From the Street of Dreams

Delta Air Lines downgraded at Argus from buy to hold:  "While the company did not disclose the potential impact of the COVID Delta variant on flight demand when it last reported results, demand appears to have started to slow in early August, the an...

Listing Some Shorts

Here is a partial list of my (non-Index) individual equity shorts: , , , , , , , , , , , , , , , , , , and .

Boeing Faces Tough Times: Here's When I'd Consider Initiating a Long

Boeing Faces Tough Times: Here's When I'd Consider Initiating a Long

And even then, only if it seems that COVID is finally on the run, allowing for a second attempt at a full reopening of the economy.

Downsizing Shorts

Sometimes discipline trumps an opinion.  And this is clearly the case over the last few weeks.  I have taken down the size in a number of shorts - as I am obviously on the wrong side of Ms Market.  This includes , , , , , , and .  All are small-size...

3 Shorts on the Move

Last week's new shorts - , and - are thriving today.

Shorts

Yesterday's new shorts - , , and - are behaving poorly... or well, depending on your vantage point!

Economic Growth? Trading Volume, OPEC+ Production, Vaccine Booster

Economic Growth? Trading Volume, OPEC+ Production, Vaccine Booster

These guys are aware that the U.S. was energy independent less than a year and a half ago, right?

Shorting DAL

I have shorted Delta Air Lines today.  DAL was placed on my Best Ideas List at $48.82 in April, 2021. So, I am starting small as my entry point (around $41) may not be ideal.  Here is my short thesis.

Jim Cramer: The Great American Snag

Jim Cramer: The Great American Snag

But remember I think it's all a snag and one that will be rectified in two ways.

Don't Forget About Delta -- the Airline

Don't Forget About Delta -- the Airline

The airlines still need a few days of running to get back to where they were only days ago, but I see a play in DAL.

A Look at My Best Idea List (Short) Performance Today

A number of the shorts on my Best Ideas List are getting schmeissed today: * Tesla was placed on the List at $688 on 6/29/2021. Trading at $664 and down $5 today. * was placed on the List at $238 on 6/1/2021. Trading at $172 and down $7.70 today. * ...

Powell on the Hill, Inflation and Treasuries, Budget Deficit, Apple, Trading WW

Powell on the Hill, Inflation and Treasuries, Budget Deficit, Apple, Trading WW

If you are not in the market for a vehicle right now, inflation is right where the pros thought it would be.

A Market of Profound Contrasts

Delta Air Lines new low. Microsoft new high. This is a market of profound contrasts.

Is JetBlue Getting Ready for Takeoff Again?

Is JetBlue Getting Ready for Takeoff Again?

The airline's technical pattern indicates it could be setting up for a rally after a period of descent.

BlackRock Looks Like a Solid Investment as It Rolls Into Earnings

BlackRock Looks Like a Solid Investment as It Rolls Into Earnings

Shares of BLK have delivered strong gains with more likely ahead.

Minding Ms. Market

One of the key technical market concerns/divergences (and the reason I am scaling into Index shorts on strength) are the continuing and consistently weak breadth.   Today the decliners exceeded the advancers by a 8:7 ratio.   As I mentioned in yeste...

Flying Low

New low since February in Delta Air Lines . On my Best Ideas List (short).

Beware of False Prophets

"Beware of false prophets, who come to you in sheep's clothing but inwardly are ravenous wolves." - Matthew 7:15  In a maturing bull market, contrarian views can be enlightening.  I will again note how critical one should look at "Group Stink" espec...

We're at a Moment of Unreasonable Confidence

* Is it time to expect the unexpected? * Too much "group stink" and "first level thinking" has invaded the markets * As an example, just look at the shares of General Motors and Delta Air Lines - both have been the subject of near universal optimism...