Watching Continental Airlines, Inc. and AMR Corporation
Posted on April 24, 2006 , filed under Stocks | Print This Post
I’m watching to see if crude oil prices can maintain a mid $70’s level until Thursday, April 27th, 2006. If CAL, Continental Airlines, Inc. and AMR, AMR Corporation stay in the low to mid $20’s, I will likely short shares of the airlines. I believe we will see both CAL and AMR in the $14-$16 range in the next 1-3 months if oil can maintain current levels.
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