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Tuesday, October 21, 2008 1:52:54 PM
Dennis Neal says he thinks they are on to something, pointed out that airlines and oil tend to trade opposite to each other... which is pretty much how I've been planning on trading XJT...
I've done OK with that, but, would have done better with other airline picks, as XJT has been so dominated by company specific issues, and has missed some of the industry moves... long term, you compensate for that will better upside, I think... but this trip from $1.09 to $2.25 wasn't bad. I did get lucky with GOL on a one day ride...
I'm still doubting that XJT has the legs it needs to climb back to where is "was/should be" on a split adjusted, post dilution basis... in the short term.
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