American Airlines Group Inc (AAL)

[Ralph Canine]

I don't think it will be a slog and I will tell you why.
1. Those buyers at $45-$56 are going to hold until it gets back in that range (unless they are desperate to sell cause they need the cash right away)
2. New investors will want in because this is so undervalued (or "stupid cheap" which is my new rating)
3. Management will be buying back and I am sure they have done a lot of it already.
4. Institutional investors are pouring back in.
5. Profits are expected to break records for 2Q.
6. Jet fuel is still cheap.
7. Record number of passengers are expected this year.
8. LUV's action gave the street the sentiment that airlines got the message about capacity. Even though it took till yesterday for them to get that message, they got it none the less.
So much so that as of today the talk is about the potential upside.

LONG AND STRONG! NO FEAR!