Originally Posted by
Engineer Pilot
I have been buying and selling MESA stock since $0.05. It did well for me. I now think it is a little more risky at $0.30. I considered shorting it last week when I saw it rose very quickly up to $0.36.
I am now thinking of purchasing XJT around $2.55... what do you all think? I do think airlines recover over time like most other industries in a world of hurt now. Airlines stocks are risky for gain or loss though.
Cannot short below $5. I put in an order to short 10K of Delta back when, just minutes before if plunged 10%. When I checked up on my order, I found that it had been rejected because is was below $5.......But you can buy Puts!!!