He posted the same message two days in a row. It is just wishful thinking. I don't think you will see a meaningful upside move until at least the second week in October. As the 10/16 trial date approaches, you may get interest from hedge funds willing to bet on the outcome. As I have said in a previous post, JetBlue wins regardless of outcome. If the lose, they don't have to spend $3.8 billion for an asset that is not worth $1.5 billion today and if they win, they become the undisputed 5th largest carrier with 500 aircraft and a deep order book. They will have seriously overpaid, but it will vault them into the big leagues going forward.
It is the uncertainty that is weighing on the stock. That and jet fuel prices.
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