Tuesday, August 19, 2008

Best Stock on the Planet: UAL (UAUA) [United Airlines]

Posted by TraderMark at 9:51 AM TweetThis
Every morning I see this stock up in premarket - its a wonder. Prospects are incredible going forward. They are projected to go from a $10 loss this year to a hopeful $5 loss next year. This will take their PE ratio from infinity to... infinity. But that's ok - the quant hedge fund computers love this stock. Best chart on the planet; talk about the "anti-oil" stock.


Posted by TraderMark at 9:51 AM Comments (2) | Edit This Post | Create A New Post

2 comments:

MiMi said...

What about the airlines?

August 19, 2008 7:12 PM  
TraderMark said...

well as you see today when oil goes up a buck or two some of these sold off 10%

So basically its no different than gambling

if you believe you can predict the direction of oil you can play the airlines

they are simply the anti oil trade

I have no knowledge or advantage in guessing where oil will be tomorrow, in 2 weeks, or 2 months. So impossible for me to buy these since all they are is the opposite of oil.

When they start showing a plan to make money or becoming profitable someday - well thats different.

Or if they sell off 50% again i guess they are good for a trade.

August 19, 2008 7:16 PM  

Post a Comment

Subscribe to: Post Comments (Atom)

Disclaimer: The opinions listed on this blog are for educational purpose only. You should do your own research before making any decisions.
This blog, its affiliates, partners or authors are not responsible or liable for any misstatements and/or losses you might sustain from the content provided.


Site by codeeo
Original WP Premium theme by WP Remix