Let's file a 'flight plan' for trading AL shares.
The charts of the airline are indicating a couple bullish divergences that show buyers of its shares have been more aggressive of late.
I get this rally -- it's based on more than a breaking branch this time, but there are still many uncertainties.
Maybe what Warren Buffett has not said is more important than what he has said.
Don't just follow the herd, time your exits and entrances well -- even if it is a big player like Warren Buffett that is leading the charge.
The market itself may be ignoring the realities of its weakest players.
It's not his job to reassure us, but to set us straight about how uncharted the waters really are -- while assuring that we will get to the other side.
Make no mistake about it: Buffett is bearish on U.S. stocks, on airline stocks, on the global economy, and on Berkshire Hathaway's stock (over the near term).
Not only did Buffett completely dump his position in airlines but he noted that he was unable to find attractive ways to put his huge cash holdings to work.
This experiment in trying to identify stocks that could come back after dismal year-ago performance isn't going well five months since its inception.