Keep in mind that most "leaks" are not from people in charge, but from people who wish they were in charge. They may have some correct information, but not all of it, and may or may not have "good" intentions.

 

Sink R8,

The gentleman nailed it.

 

+1. Absolutely no reason to reduce this. Patience is key. Anything is speculation at this point. The MEC had the data long ago, gave the NC a direction and now the TA is being evaluated. If its solid the MEC will kick it down, if not maybe a new NC.

Until we have the TA and language, any energy on this is wasted. We already hashed out what out goals were long ago. Off to hang with Carl and wait.

 

Delta down 8%. Market selling off on news of Delta's continued capacity cuts. Notice we have moved down through the 90 day trend line.


Investors are getting into that same funk I caught last Fall. "Where is the bottom of these capacity cuts? "

I've been expecting the answer to be here with a turn around in the Spring of 2013. But, Delta management seems to be taking another bite which both seems greedy and lacking in confidence.


Pigs get fat, Hogs get slaughtered. Notice in one afternoon we broke a really nice 90 day trend line. There will be some value shoppers come in. After all we are below the price some Directors recently bought shares (and I'm not bearish on DAL. Just pointing out the market is tired of capacity doom & gloom).

Those morons at J P Morgan are hurting the overall market. Their derivatives losses are now going over 3 Billion with no bottom in sight since no one wants to help them undo their garbage bets. From a systemic risk standpoint, we are really no better off than we were in 2007-2008.

 

Ummmmm from the chart ou posted, all I see is that we are above the 200 day MA... Fat fingers?

 

Nope. Rather a million folks catching the funk I caught last fall ... Capacity Reduction Funk. My hedge fund buddy sent me a text at 12:21 as DAL trading caught the attention of his software.


His other point was that by buying oil refineries and more new RJ's to adjust the mix at DCI Delta was not investing in its core business. That again, was the observation driving my funk last fall.

 

I think you're both right.

 

Dang ... DAL stock is now down 9% and continuing.

 

Sorry, but I believe (it is my opinion) that WS folks who do not see the reason behind DAL's acquisition of the refinery are clueless. It is ABSOLUTELY part of the core business. It is NOT a profit center. Fuel is $12 billion/year (or something like that). Any significant reduction in that cost is directly transferred to the bottom line. Hedge fund managers and WS types look for the quick kill, and therefore have a certain myopic view. A $300 million reduction (2.5%) in the number one cost to a company in an industry that has thin operating margins like the airline industry is damn smart business. Besides, we are not running the refining operation... geeeez

 

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ this