Originally Posted by
CLMP
Don't bother with our stock. It's movement is mainly based on manipulation from the largest shareholders constantly buying and selling. Hitting a high of $120 today, the price seems to defy the principles of economics. Yeah, we make money, but not THAT much. That being said, if you're going to short, do it tomorrow (4/23) as the price tends to dip right after the earnings call. If I'm wrong, remember what you paid for the advice.
On another note, you may see even angrier Allegiant pilots on this board tomorrow if the financial results have us taking a 7% pay cut for the next 6 months. Stay tuned....
I do not think the pay cut is likely they will still pull out a mid teens profit even with all the problems, but yes if we were to have to go back to band two Katie bar the door it will not be pleasant.