I got out of XJET the day of the Skywest offer...made quite a pretty penny (bought at $1, sold at $2.50ish)....RAH on the other hand, I bought at 19, then again at 15, then again at 11, then again at 8...Good news is I have diluted my avg share price to about 13...but it isn't back up to 13 yet!
And before you say "DON'T EVER INVEST IN AIRLINES"...I'm not investing in airlines, there is no money in that...I'm trading airlines (Short term) and there is money in that. I was on vacation in Hawaii in July and purposly left my computer behind. I came back to find that UAL and DAL had trippled and doubled respectivly in a week...that's money if you catch it at the right time, I don't care who you are.