If they have a successful outcome with Delta, this will elevate the stock substantially. couple that with any new code-share agreement contract and it should move north and fast in a hurry. As long as the MOR's continue to be positive, all should be well in MAG world down the road.
$1.70 is not unrealistic. The way that investors are holding firm now, even on the next leg you will see longs continue to hold firm, if we get positive news of any sort, it will gain interest from the institutions which were what helped launch CEMJQ to the promise land. i dont think we have seen the effects of tute buying as of yet, but one good PR and the interest will be there.
In time.