JetBlue Airways Corp (JBLU)

[PennyWorld]

OTC from a delisting! Not going to happen. You must not be aware of the delisting rules. PPS must fall below $1 for 30 consecutive days, and even then they have 6 months (180 days) to get it back up to $1. And in most cases another 6 month extension is granted to achieve that $1 threshold.

So, NO. If you are planning on shorting this stock in the hope it will be delisted to the OTC, you are dreaming. Wishful thinking. I suspect JBLU will be back up between 7-10 bucks somewhere between Thanksgiving and spring 2024. Short term... it depends on how the current law suit goes which commences on October 30.So, short term I expect I lot of volatility.

I'm bullish. This is almost rock bottom price here IMO. I'm buying at these levels.