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I think institutions are pushing the pps down and accumulating at this level. We'll see teens again by summer 2024 (or much sooner).
Selling down here is just sheer stupidity. So is not buying, for that matter. It hasn’t been this low in 12 years. On no bad news. Hell, even on bad news, it’s too low right now.
All my chart indicators are in oversold territory. IMHO, $4s would be a "screaming" buy.
If I see 4, I'll average down again.
Good Lord are we going to see 4’s?!?!??? Maybe Republic can attempt a hostile takeover? This is getting stupid.
6.92 for me. I may average down on a deep dip.
And dropping. Double ouch. No tangible reason for it though. This stands to make good profit.
5.58. ouch.
6.47 starter position here. not liking this but luckily bought small.
I think 10 is an easy 12 month target (maybe 3 month). Fundamentals are very good. I suspect that the pps push downward is the result of institutions playing around so that they can accumulate 'in mass' at lower prices. JMHO
I do not know where the stock will be 1-month from now, none the less 6-months from now, but the balance sheet, cash flow and pro forma earnings per share tell me that $6.00 a share is undervalued.
I am not thinking $10 or any price right now, I am just hopeful the sell-side is out. What I really mean is that I hope all the current shareholders that wanted to sell are out, and I hope that the shorts had to cover so they are out (and made their money) so now LONG investors can come in and make money on JBLU.
If I am wrong, it wont be the first time I am wrong, but it doesn't happen that often.
It's not a swing trade play. She will be at $10 within 6 months. JMHO
Just got in with a small "starter" position. Chart looks oversold to me. Just a FYI. Maybe another run to $8-$9.00.
The summer season has been predominantly good for all airlines so as long as JBLU doesn't have massive expenses or unforeseen costs associated with respect to software and computer updates and hardware then I expect the next 10Q to be good, but that alone will not drive the stock price up. I think new routes and somehow getting away from all the price wars with other airlines will be the driving force for stock.
I also think a merger or some form of acquisition with a regional international carrier is something that JBLU needs in its quest to be considered one of the true major carriers on an international level
The Spirit deal has and will create headaches and that is why I think some other type of M&A is necessary. Truth is I am not a fan of the Spirit deal, unless JBLU believes Spirit has that many loyal customers and those customers will use JBLU for routes that Spirit does not fly. But that is something only JBLU and Spirit management know because they have all the data on customers.
But it better be good for cross-selling to the other airline customers post closing of the deal.
$2 Billion market cap does seem quite low for their revenues, assets, cash flow and future expectations.
Give it 1 year and this will be a 2x or 3x banger.
I predicted COVID would come back just in time for the elections. The plan is to lock people down again and try and force mail in ballots. I dont think people will comply again. You can call it a coincidence but to me its too convenient.
COVID was MANUFACTURED.
You can blame the stupidity of people (and the Democrats ability to prey on it) for this drop. An election is coming up that needs to be rigged again - therefore Covid is coming back - therefore travel will drop - therefore who the hell knows what happens to any airline anymore.
Financially, there’s ZERO reason why this stock isn’t back above $12. It’s just fear. Now the question is, can it tread water long enough to see the other side. Being lower than it was during the worst of 2020 when business is booming is just plain mind boggling.
i still have 6.47 avg. i dont add anymore just in case it breaks believe 6.00.
Market not looking too hot. Holding 2 other bags and being down 5 figs is not fun.
You were saying?
At its 5 year low with no bad news. This one is fish in a barrel.
I regret not adding 6.30s today. I think that was the last chance and we've likely bottomed (for now).
Just got into Jetblue over the last 2-weeks.
The run down in stock price does not reflect the fundamentals or true value of the stock. Based on institutional investors holdings it would seem as if some large funds sold the shares but that doesnt mean the sell off was due to JBLU, or maybe the funds had to sell.
Regardless, fundamentals look good and it's time to take a flight with this stock.
Got in some 6.47 today. Will hold and not fold for scraps this time. I like Jet Blue.
Looks like JBLU is going to ALMOST hit is 'all time' low! Two years from now investors will be looking back at today price and feel sick that they didn't get in now.
Saudi oil cuts will raise fuel costs. PPS will drop back into the $6s maybe lower.
I have it on my watch list. Still looks a bit "iffy". HAWK
picked up a bunch of shares again last time sold at 8.24 give it a few weeks back to high 7s or more
AmericanBulls says SHORT> Just a FYI.
I have a weak buy signal. Picked up some shares. $8.25. Just a FYI.
52 week lows printing
upside is here
Im not in anymore. Lets see if this market rip holds.
Thazz Cool, GL out there Markets are wack $JBLU
sold my 6.48 buys for a penny. gonna wait for CPI numbers tomorrow morning to see if it screws the market even more.
Moving on $AAL fins
SPY futures down. Looks like it might not be bottom. Luckily only grabbed a starter at 6.48.
picked up those 6.48s today. although i dont know if we'll bottom yet.
Gotcha brother
6.fiddy still holding...
Here ya go gettin close lol
Should see that soon here again, Gas on the rise, credit debt rise, savings accounts being wiped out, REPO lots are stuffed amongst others
That might be bottom...might be
had another bid in 6.48, only hit 6.49. so mad!
52 week lows hitting
Loaded a few $JETS, that's pretty banged up too
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