Friday, January 30, 2015 10:56:23 PM
IMHO this was the culprit for the selloff today.
"Oh oh HA is in "trouble" better sell my airline stock!"
That was the mentality! But AAL management is not panicking they are picking up shares.
In reality this is a blessing in disguise the more shares they gobble up and buy back, the more our shares WILL be worth.
Also, this might just give some institutional buyers who are heavily invested in the airline industry the opportunity to reposition their investments.
I said it before, If I was a UAL holder I would sell and reinvest in AAL.
How far up can UAL go from here?
Analyst avg. median price target is $87 for UAL up $17 from today
Analyst avg. median price target is $71 for AAL up $22 from today
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