Mesa's stock
 

:)Has been climbing for the past few weeks it is up to.22 this afternoon. I bought a bunch the day of the court deal against Delta, it has doubled so far.
Anybody have any thoughts, I know how everybody feels about Mesa so let's not get into that I just would like to know what some peoples thoughts are especially Mesa folks about when to get out. Would hate to miss a twenty banger.:)

Do we have to make a declaration every time Mesa's stock moves up 5%? If you've noticed Mesas stock has been on a steady decline since last year and plus or minus 5% the last 6 months. It's all day trading at this point. Good luck.

I agree day trade it and DO NOT HOLD IT OVER NIGHT

JO is the devil

Mesa's not really a day trade stock. More of a swing trade type. I can't imagine day trading mesa as it's often flat and impossible to predict using conventional indicators and technical analysis. BAC is a good day trade for example.

I think the recent movement may have to do with the "new 700's" rumor.

Agreed :)

whats the 700 rumor?

ya but i would take a penny jump

Money to be made
 

:)I would have to diagree it has already doubled in the last two weeks and my program is projecting a bust out due to volume.

I have never tied money to be made to whether or not i liked the company.

From someone ready to get furloughed and having a strong feeling about where the contracts are heading, I'd probably not recommend holding onto this stock... especially come October.. but for those who made some money on it, congrats, I wish I'd bought a ton at .02 or whatever it was at!!

To answer your question on the "700 rumor", it is not a rumor. Paul Foley came into our ground school and spelled it out. Mesa has a clause in our United contract that allows Mesa to add 10 additional 700's. There are only two huge hurdles that Mesa has to overcome before we can fill those 700 slots.
1. 700's are not easy to find, thus not cheap.
2. Mesa's credit sucks so financing is virtually impossible. The key is the word virtually. It can be done but numerous other factors need to fall in place first. Almost all of which are outside Mesa's control.

With that said I highly doubt that news has anything to do with the fluctuation of Mesa stock. It has been known for many years now and is not something new. The small rise in stock price probably has more to do with investors trying to make a quick buck on cheap stock and less to do with informed trading.

This kind of movement is not simply 'quick buck on cheap stock'. The market share has grown substantially and volume has been through the roof the last 3 days. I don't believe I've seen the market share above 20mil in the last year. It stands about 35mil right now.

The 700 issue will make or break them with UAL. Two fundamental keys to their survival are:

1. Can OJ hang on long enough for the economy to recover sufficiently for the lenders to loosen up?

2. Will UAL wait that long in any event?