Purchasing JetBlue Airways Corporation

Posted on May 9, 2006 , filed under Stocks | Print This Post

Today I purchased 2000 shares of JetBlue Airways Corporation (JBLU) at $9.75. The company provides passenger air transportation services primarily in the United States. As of February 14, 2006, it operated approximately 369 daily flights serving 34 destinations in 15 states, Puerto Rico, the Dominican Republic, and the Bahamas. I purchased JBLU as a hedge against lower crude oil prices. Traffic for JetBlue grew 24.8% in April, 2006. The stock has taken a beating after posting 2 consecutive quarterly losses. The other airlines on my watchlist have risen a little too aggressively for my taste. My target sell price is $11 in 3-6 months and $12 in 6-12 months.

Add this post to your favorite social networking site

(No Ratings Yet)

Loading ...

Comments

RSS feed | Trackback URI

1 Comment »

Comment by Melissa

2006-05-27 01:32:39

I bought JBlu stock about 2 years ago and didn’t tend to my investment. I purchased it around $22. Should I sell and cut my losses or stay in it for the long haul?

Reply to this comment