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LCC closed today at $ 1.71

Geeezzzz! Up over four bucks today! I shouldn't have listened to the naysayers when I thought about buying @ $1.71. 'Guess Mr. P is making money!!

2B
 
Does your friend still have the stock? Its hovering around $4.00 a share today.

He sold today at 4.09. He should have waited just a little longer! Figuring an exit point is always difficult with a volatile stock like this.
 
He sold today at 4.09. He should have waited just a little longer! Figuring an exit point is always difficult with a volatile stock like this.
Your friend did real good. They got more than a 130% gain.
 
I listened to the conference call today on Qtr 2. The CFO said that they had a gain from fuel hedging of $180 million that they were not going to show at this time. That means that minus the write down of goodwill, LCC made money in Qtr 2! This Company is NOT going Chapter 11 or Chapter 7, as many would want you to believe.

Although IMHO we could see some profit taking this week, this stock is a buy. Consider adding shares because the shorts are being blasted out of this stock now, and that is what they deserve because they were trying to close the doors.


Regards,
20+
 
I listened to the conference call today on Qtr 2. The CFO said that they had a gain from fuel hedging of $180 million that they were not going to show at this time. That means that minus the write down of goodwill, LCC made money in Qtr 2! This Company is NOT going Chapter 11 or Chapter 7, as many would want you to believe.

Not so fast. US didn't make any money. The $180 million of hedging gain corresponds to fuel US will buy during the third quarter. It has nothing to do with "making money" in the second quarter. Excluding special items, US lost $101 million in the second quarter, or a little more than $1.1 million a day.
 
Listen to the conference call and the Q&A. Until you do, you are only SPECULATING what was said. All other majors that have reported, and put their hedge gains into QTR 2 earnings.


Regards,
20+
 
I guess it is asking too much to require ALL the airlines to report their earnings the SAME way..

It's always the same ole, same ole, Special items this, Special items that, fuel hedging costs,

Blah, Blah, Blah....... :blink:
 
I guess Chicken Little will be disappointed that it doesn't look like the sky is falling after all.

I know. It was great to see the stock jump up so much as oil falls. I guess we'll be seeing big improvements in premium services and better treatment of VFF's.
 
Bought 200 at 3.20 sold at 4.75. Will stay out until it goes back to 2.50. May even short the stock.
 
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