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S&P 500: 1,340.35 Change: -0.84%
TheInstitutional
P&P Score: 99.49 | Points: 171.42 | Accuracy: 62.77 | Average Pick Score: 8.87   Annual Return: N/A  
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SELL: DELTA AIR LINES NEW (DAL) Rating: 1
Start Price: $6.18
Points: -28.71
Created: 06/17/2009
Nice short

3 Comment(s):

Author Burtman     Date 2009-06-17 15:33:21
It's obvious you see a turn in the market. I believe there will be one more shot at 956 before the major fall. My question to you is do you not think the airlines will benefit from a huge fall in oil? I think this baby has some contra legs to the market. Time will tell. Burt
Author TheInstitutional     Date 2009-06-19 11:42:20
Good question, it is very possible this deflationary environment could put oil again on a down slope but I think the stock will suffer and test the lows before will take benefit of this.
Author InvestmentMAGE     Date 2009-06-27 07:54:41
Report: H1N1 has cost Delta $250M

Looks like the virus formerly known as swine flu has caused a slump in travel that has hurt all airlines.

MAGE
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