A turbulent day

Posted on September 26, 2005 , Filed Under Stocks

Today we saw some see-saw action in the markets. Up and down all over the place seemed to be the theme. The speculators are out in full force. One stock I am especially enthusiastic about is CAL, Continental Airlines.

I once bought CAL at $8.70 and sold at $14.10 in the span of four months. CAL is just filled with speculation and greedy short sellers. I would award all the short sellers RawGreed Silver Awards if I knew who they all were. CAL’s price seems especially vulnerable to the price of oil and the aftermath of Katrina and Rita.

Of course, these situations are only temporary and create buying opportunities for people like me. Last week I bought 2000 shares of CAL at $9.55, if the price drops below $9 tomorrow I will buy another 1000 shares.