Dont look now but I'm seeing xjt stock at 2.86 yikes I keep thinking that I should get in because it cant go any lower but then it does, when is this thing going to rebound?

I have to admit I think I made a bad purchase by picking up XJT. Their load factors were around 50.1% on the branded and around 60% total. I couldn't believe it when I logged on. The market is the best it's ever been and this thing is tanking. I'll keep my few hundred shares and just see what happens No reason to sell it all off now. I'm now sitting at 8.6% for the year. I was at almost 16% prior to this. No telling what will happen though. Fun part of playing the game!

The market usually knows something is going to happen ahead of time. SkyWest is a recent example of that with ASA's TA and now the new press release with UAL and Delta. Our stock began steadily going up before the press releases were announced. With XJT's stock going south, I don't think it is a good sign. I thought the chart looked good when I bought it at $6, so much for that. What a piece of ...

Toilet and Koolaid...thank you for teaching us the valuable lesson that you may be learning all too well right now - stay away from Airline stock LoL. Who was it said that to make a million here you had to start with two?!

I hope for both of you that it goes through the roof and not the other way round :-)

Well I've bought at $6 and at $3.40 so if it ever gets to $3.60 I'll have broken even with what i have. I believe the correct saying is "To make a small fortune in aviation you have to start out with a big one".

Well keep us updated - good thread - a guy like me can learn a lot about things I know nothing about (finances, that is!)...

Eastshore Holdings LLC made $287,000,000 on US Airways stock in about a year. Not bad for a years worth of work. They still hold about $90,000,000 at current value.

actually skywest's stock went up in conjunction with several the airline industry stocks making significant gains (LCC, CAL, DAL among others, made strong gains in the past 2-3 weeks). I dont think it was specifically related to skywests news, it started with the interest rate cut, and also something else must have been something positively affecting the industry as a whole although it surely wasnt oil prices!

Are you sure about that?

AP
Sector Snap: Airline Stocks Fall
Friday October 12, 12:26 pm ET
Airline Shares Fall As Oil Prices Hold Up and Analysts Express Dim View for Rest of 2007


NEW YORK (AP) -- Airline shares fell Friday as oil prices held above $83 per barrel and analysts expressed a dim outlook for the industry through 2007 and uncertainty about 2008.
The Amex Airline Index fell 0.5 percent to 46.46 as light, sweet crude for November delivery rose 2 cents to $83.10 a barrel on the New York Mercantile Exchange. The contract rose $1.78 to close at $83.08 a barrel Thursday.

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Earnings estimates will likely drop as the fourth quarter -- which is typically weak -- progresses and next year's outlook is "clouded by higher fuel prices," Soleil Securities analyst James Higgins said in a note Thursday.

Developments that would cause a major uptick in share prices would be merger and acquisition activity, a large drop in oil prices or ticket-price increases, according to Calyon Securities analyst Ray Neidl.

However, "none is expected for the remainder of the year," he wrote in a Friday note.

A Bear Stearns analyst downgraded three low-cost and regional carriers, due to competition and waning differentiation from larger carriers. Frank Boroch lowered his ratings for Alaska Air Group Inc. and Southwest Airlines Co. to "Peer perform" from "Outperform" and for JetBlue Airways Co., to "Underperform" from "Peer Perform" in a note on Friday.

Alaska shares fell $1.23, or 4.7 percent, to $25.22 as Southwest fell 5 cents to $14.63 and JetBlue dropped 10 cents to $9.18.

"We are seeing a convergence among the low-cost airline contingent and the traditional legacy carriers," Boroch wrote. "Cost differentials are at all-time lows, low cost airlines are slowing their growth, adding different aircraft types, selling through more expensive channels, and are entering more congested and expensive markets."

Shares of AMR Corp., which reported a $5, each-way ticket-price increase for domestic fares Thursday evening to offset fuel costs, was a bright spot in the sector. The stock rose 50 cents, or 2.1 percent, to $24.41.

yea but youre looking back only a day. look back 3 weeks and see what their stock prices were.

CAL is at $37!!!! they were around $31 3 weeks ago...
LCC was $26 and is now $30
DAL was $16 and is now almost $20
AMR was $21 or so and is now over $25


but like i said, oil prices havent been helping. a weak dollar wouldnt normally hurt in this case since traditionally oil prices have been tied to the US dollar, but theyre moving away from that analysts say


side note: GOOGLE has now Hit $637 per share. just a couple weeks ago (look at one of my old posts) it was around $580, and a month ago it was at $560. YOU HAVE GOT TO BE KIDDING ME- is this stock going to burst worse than a housing bubble? probably not because the company is amazing, but OMG its insane.