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Old 05-22-2008 | 07:57 AM
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Can someone answer this question? On a day when oil prices have reached another record high of over $135, why are most airline stocks up? I dont get this!
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Old 05-22-2008 | 08:04 AM
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Originally Posted by hdale
Can someone answer this question? On a day when oil prices have reached another record high of over $135, why are most airline stocks up? I dont get this!
Because they can only go so low? =) J/K.
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Old 05-22-2008 | 08:06 AM
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Originally Posted by flyviper
Because they can only go so low? =) J/K.

Lets hope so! I just dont get the stock markets. Seems like if someone breathes the wrong way things just go haywire. To me there seems to be no logic to it, maybe Im just ignorant!
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Old 05-22-2008 | 08:12 AM
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Originally Posted by hdale
Can someone answer this question? On a day when oil prices have reached another record high of over $135, why are most airline stocks up? I dont get this!
It's because oil is down to around $132 at this time.


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Old 05-22-2008 | 11:03 AM
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Not SKYW. Their stock is down about $3 in the past two days.
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Old 05-22-2008 | 12:04 PM
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Originally Posted by Truman_Sparks
Not SKYW. Their stock is down about $3 in the past two days.
i was going to say the same thing. my buddy said their stock has gone from 25 dollars to 15 almost overnight. pinnacle is trading at a whopping 7dollars!!
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Old 05-22-2008 | 12:16 PM
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Alot of airlines are still struggling though. Regionals like ExpressJet, MESA, and Republic are some of the biggest price decliners for the past couple of days. American and other legacies are also taking the hit
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Old 05-22-2008 | 12:25 PM
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Look at yesterday's trading. The airline sector took an absolute beating, so it's common to have a small rebound after such a dip.
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Old 05-22-2008 | 12:33 PM
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XJT was down 53% today at one point to set a new 52 wk (and all-time) low after they announced their 30% schedule reduction
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Old 05-22-2008 | 12:39 PM
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Buy Buy Buy!
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