Wednesday, July 9, 2014

AAL - American stays alive!

Shortly after my article about American Airlines, the stock took a tumble.  The stock dropped to $37.95 by Tuesday morning.

This was caused by a reaction of statements made by their European competitors about how competitive international travel is.  

Luckily for us, the CEO released a statement stating passenger growth and a more stable flight paths.  Also released was a report about how American made $580 million on hedging fuel.  

These new stories have return AAL back to normality with the stock hovering $42-$43 Wednesday afternoon.

I change my recommendation to sell at $50.  
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I am writing this blog as a hobby and to share my projects in electronics, programming, and engineering.