|Day Low/High||37.03 / 38.49|
|52 Wk Low/High||29.75 / 48.54|
As a general observation, the travel space - transports and hotels - are just terrible. Look at , , , , , etc.
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.
- 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.
There probably will be an intense period of market volatility that could stretch farther out than even I projected a couple of months ago.
* Bought and . * Covered and shorts. * Covered SPY short puts and added to short calls. * Shorted , , , , , , and .
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...
Here is a partial list of my (non-Index) individual equity shorts: , , , , , , , , , , , , , , , , , , and .
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.
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...
Yesterday's new shorts - , , and - are behaving poorly... or well, depending on your vantage point!
These guys are aware that the U.S. was energy independent less than a year and a half ago, right?
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.
But remember I think it's all a snag and one that will be rectified in two ways.
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 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. * ...
If you are not in the market for a vehicle right now, inflation is right where the pros thought it would be.
Delta Air Lines new low. Microsoft new high. This is a market of profound contrasts.
The airline's technical pattern indicates it could be setting up for a rally after a period of descent.
Shares of BLK have delivered strong gains with more likely ahead.
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...
"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...
* 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...
Delta Air Lines is one of most widely popular "opening stocks." The shares continue to roll over - down another -$1.80 (4%) today., trading to $42.60. The shares were added to my Best Ideas List (short) at $48.82 in April, 2021. Here is my short t...
Delta Air Lines - on my Best Ideas List (short) - is near a four month low. I would remain short.
Delta Air Lines has begun to roll over again (on the charts). DAL is on my Best Ideas List (short).
* A win for the bears, today * And continued losses for Financial TV Though well off of the session lows there was less than meets the eye to the market today: * Breadth was consistently weak throughout the trading session (14 advancers for every 1...