Aloha,
Another 007 downward AMR call. Now that AMR has hit my $3 call. Im calling for at least another 10% drop. The 3Q report out 10/16 is not going to be good. It will be followed by a bad 4Q too. AMR will lose another Billion dollars in the 3 & 4Q. Then there is the war factor. Add some pension fund questions and you have a lot of downward pressure.
AMR, I believe, for the first time will have to come to the employees for money. It wont have much choice as other airlines reduce their employee costs. Look for more lay offs too in the 4Q and early 1Q. Just IMHO.
ALOHA, 007
Another 007 downward AMR call. Now that AMR has hit my $3 call. Im calling for at least another 10% drop. The 3Q report out 10/16 is not going to be good. It will be followed by a bad 4Q too. AMR will lose another Billion dollars in the 3 & 4Q. Then there is the war factor. Add some pension fund questions and you have a lot of downward pressure.
AMR, I believe, for the first time will have to come to the employees for money. It wont have much choice as other airlines reduce their employee costs. Look for more lay offs too in the 4Q and early 1Q. Just IMHO.
ALOHA, 007