The Long Investor
patreon
$AAL - WATCHLIST -
🕑 Added 2025-02-28 15:36:08 +0000 UTCI can't ask for more here folks:
We waited for the break out of the wedge, we got this and I added
We then patiently waited nearly 3 months for the pull back for the retest of the wedge at $14.60 and then we added again
Price also tested and held on the 0.5 Fib for a standard pull back
We can still not rule out a flush down to the 0.618 Fib at $12.90 but we must follow our strategy when we have waited patiently for an opportunity and then show conviction.
Comments
ARPedro
Thanks Cap. Added this morning. Bought a few months back on your recommendation in the 14s. Sold in the 17s for 20% plus return. Now added again!
Mohit
i have the same question too. Cap, any insight?
Martechnic
Been waiting on this one. I'm in.
Ian Watanabe
I have the same question too. Hope Cap can help us understand this thesis better.
NR15
Not sure I understand the thesis behind this one but would love to hear more of your thoughts on this. With the expectation that although yes the market may have another leg up in it to have a melt up scenario, AT SOME POINT - you expect a market correction (whether how substantial that will be, is TBD). Just observing other times in history, when there have been market crashes or corrections, Airline stocks typically don't perform very well. Market crashing/bad economy = ppl losing money = less money to spend & less traveling. My point being is I personally don't see this as an attractive investment when I share the same belief that a market correction is coming. Love all the work you do Cap, just sharing my 2 cents!
