Airline Pilot Central Forums - Spirit stock down 24% .... a buy out by

Airline Pilot Central Forums (https://www.airlinepilotforums.com/)

- Spirit (https://www.airlinepilotforums.com/spirit/)

- - Spirit stock down 24% .... a buy out by (https://www.airlinepilotforums.com/spirit/123137-spirit-stock-down-24-buy-out.html)

I'm holding mine for now. There was a large amount of insider purchasing in late July at the $41-42 range. The directors don't just blindly make large purchases. They are privileged to information that isn't available to the rest of us.

https://www.nasdaq.com/market-activi...sider-activity

Also interesting is that Fornaro resigned from the BOD last week. Two new members were added, one of which is the long time former CEO of Hawaiian.

https://www.globenewswire.com/news-r...Directors.html

My limit alert is set at $29.99. If it hits, and I have the dry powder, I may pull the trigger on it.

Quote:

Originally Posted by Tranquility (Post 2898397)

My limit alert is set at $29.99. If it hits, and I have the dry powder, I may pull the trigger on it.

Guitar Hero’s q3 earnings call is Oct 24th. I’d expect it to be in your wheel house then.

Quote:

Originally Posted by Flightcap (Post 2897971)

The sector is in trouble right now and SAVE has no real support line from which to rebound. It death crossed all the way back in May and has seen the 50 and 200 day lines diverge almost every session since then. Spirit has only seen this price point in five weeks since 2014. Its RS line is by far the lowest it's been in those five years. From a technical standpoint there's no way of telling where the bottom is. DD investors don't see any value in it either. There aren't any fundamental strengths from the last quarter to bolster it and the C suite has been warning of a bad Q3 earnings report since the Q2 call. At this point it's free fall until news or earnings break it loose.

I currently own a couple of long interests as a wildcard.

Well there's the news. Better than expected cost guidance for Q3 is leading the stock to a large after-hours gain. It happens to coincide with a price level similar to multi-year support. We'll see where it goes from here.

Quote:

Originally Posted by Flightcap (Post 2901786)

58 by dec 2019

My guess

Quote:

Originally Posted by SSlow (Post 2898355)

The other one, Richards, used to be at FedEx...that’s it! We are going to merge with FedEx And start to flying ultra-low cost packages! The front of the plane will be yellow and the back will be purple.

Just bought 200 shares on the way to work this AM. Q3 numbers will be messy with the Dorian expenses I suspect .. but I think this might be excellent entry point.. let’s hope the future guidance is strong . It’ll be a robust holiday season !

Q3 Earnings to be published after market close tomorrow. While Dorian will have an impact on revenue, will be interesting to see how we fared with some of the other metrics. Hopefully there’s a pop to share price, if not Thursday’s call should be interesting.

Interesting that the call is at a different time than usual.... :confused: