Does your friend still have the stock? Its hovering around $4.00 a share today.
Your friend did real good. They got more than a 130% gain.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.
Just wait till next year!<SNIP> 'Guess Mr. P is making money!!
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.
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.
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.