Bookkeeping: Allegiant Travel (ALGT) Position Started

Yesterday one of my limit buy orders hit for Allegiant Travel (ALGT) creating a starter 0.7% stake @ $33.85. (this was a position in our old tracking portfolio so now we are introducing it to the new one) The company is out with January traffic figures this morning and the CEO will be appearing with Aaron Task on Yahoo Tech Ticker, I'll embed the video once it's complete into this entry.

For data below I am using scheduled service specifically

• Passengers +10.4% year over year
• Revenue passenger miles: +8.7%
• Available seat miles: +0.6%
• Load factor: +6.6 basis points
  

So we have passenger growth, on flattish miles flown (less fuel cost) and fuller planes. Everything you could want to ask even in a dark recessionary environment. This is the best house in a very bad neighborhood.

The reason for my position stake here is the potential for a double bottom forming in the chart; it's not a great chart anymore but you can see the stock sitting at support now. The stock is down 30% in a month so our potential for making money in the long run is now greater. I also need to start finding some long positions to balance the short side of my book in case this market runs 20% up on the Baltic Dry Index being up! (which signals all are problems go away in "6 months")

EDIT 3:20 PM - here is the video



[Jan 27: Allegiant Travel Continues to Execute; Buyback Announced]
[Jan 7: Allegiant Travel December Traffic]
[Jan 5: Beginning Allegiant Travel]

Largest mutual fund owners of Allegiant Travel by share ownership are

1. 5.1% - Fidelity Advisor Mid Cap (FMCCX)
   
2. 2.1% - T. Rowe Price New Horizons (PRNHX)
   
3. 1.3% - Franklin Small Cap Growth (FSGRX)
   
4. 1.2% - Fidelity Fifty (FFTYX)
   
5. 1.1% - AIM Small Cap Equity (SMEAX)
   

Long Allegiant Travel in fund; no personal position