AIR CANADA(AC.B)

[daniody]

hello everybody, i am new guy here.
OIL price down recently,  stock price of the air canada(ac.b) also down,
why?
Something too bad happened to air canada?
buy or not?

[garilou]

Hi, daniody,
Welcome, you are going to like it here.

Good news (like oil price down, good for AC, not for other energy stocks), very often produce a seemingly irrational behaviour of the stock price. This is because the market has already anticipated the reversal. The old rule: "buy the rumours, sell the news".

Another short term factor: this summer's rain has brought thousands of people to take their holidays in sunny places, which has helped all Canadian air lines.

All air lines have been going up in the past days, and I think Air Canada will follow that trend: as a matter of fact, it has already started.

But AC has lots of resistances overhead, so either you buy with a short term goal, or you wait till SSP (a little flower for you, SSP  ) send a BUY signal, I mean till you see that the trend establishes well.

But if I was considering buying, I would choose alternative one: I can't predict long term, but from what I see, the short term looks better than the long one.

Hum... like our new friend Tara would say:

P.S. The above is simply my personal understanding and not to be construed as investment advice. Do you own due diligence.

Just my HO.

Louise   

[daniody]

Thanks. I got it.
Désolé!!

[garilou]

By the way, the name of the stock is great!
It is AIR CANADA!

Hum...
No politics here!
You are talking to a Québecoise!

Louise   

[daniody]

 Oil price keeps dropping down.
   Air Canada is  !

[daniody]

I bought it this morning.It is a big sale! Just hold it and see.

[garilou]

I bought it this morning.It is a big sale! Just hold it and see.   

Wow! the least we can say is that you are brave!

It's what we could call "bottom fishing"?

May we ask at what price you bought it?

Is the oil price your single buy criteria?

Good luck, we'll follow that with you!   

Louise

[daniody]

I set limited price and keep changing it. Maybe around $4.8.
I will hold it for several months and see.

[garilou]

Sorry daniody, I do not understand.
You write:

I set limited price and keep changing it. Maybe around $4.8.

Did you already buy it as I had understood, or are you still planning to do so. If you set your limit order at $4.80 and got it yesterday, you were lucky, it did not stay long at that price! If then, you made a nice little ride up for a single day!

If you are still waiting... your order will go through when all yesterday's gain has fumed away 

I just missed one like that: I gave a limit order to the previous close price, and the stock jumped 2 days in a row: 7% then 4% next day... it's now almost at the price I had thought I would sell  !
Anyway, I have my say: "Stock that you do not own won't hurt you". But this one would have made me good...

I asked you in a previous reply if the oil price was your single buy criteria?
You did not answer, but your posts looked like if it was.
In that case, good news, I just saw a short video trying to project the future of oil price, and based on 100 years charts, they suspect that the price of oil will still be going down for many years!

I will hold it for several months and see. 

Yes... hold on if you believe in that stock! Because in the coming weeks, you might see some waves that you won't like :-)

Good luck again!

Louise

[daniody]

i got some, not too many.I tried to raise the limited price to buy it.
But i could not stay around the computer all day.
When i travelled by AIR CANADA, i could feel it.It is so warm.

[daniody]

Yes... hold on if you believe in that stock! Because in the coming weeks, you might see some waves that you won't like :-)

If even we do not believe in the stock, who else will ... 

[garilou]

If even we do not believe in the stock, who else will ...

I should never have used the word "believe"...
In the stock market, unfortunately, buying a stock for any other reason as hoping to make profit is seldom rewarding.
I've seen people giving as arguments: " bought this or that in that store: they are great, I bought the stock"...
Other will say that shorting is unpatriotic (you'll hear that more in the US), as if someone who shorts has any more influence on the price as the one who buy!

When you first said you wanted to buy Air Canada, and especially when you said: ... oups you took that part of the post away  that it had such a beautiful name, I thought to my-self that you were getting ready to buy for the wrong reason!
The reason that oil price went down was already a somewhat better reason.

Now, Air Canada is cutting flights, but it does not seem to help is stock price.

Have a look at Google's Chart,
choose the 1 year chart option, and you'll see my newest theory: the more a stock goes down, the more news you get!

For me now, the reverse will be true: the more new will come in the more sceptic I'll be on a stock's trend. 

[daniody]

Thank you for your prompt reply.
It is roaring today.
Bless.

[garilou]

It is roaring today 

But not today...

I told you to expect ups and downs.
Remember my post : « Reply #6 on: 20 August 2008, 14:20:39 »?

If you can read French:

http://lapresseaffaires.cyberpresse.ca/article/20080903/LAINFORMER/80903079/5891/LAINFORMER01/?utm_campaign=retention&utm_source=bulletinLPA&utm_medium=email

Do you still hold?

I'm looking for the stock that I'll short tomorrow... Could well be Air Canada. Sorry 

Louise

[garilou]

Hi Dadiodi
I don't know if you saw this news for AC.B

Standard & Poor's Canadian index operations have made the following index changes as a result of the quarterly S&P/TSX Composite Index review.

<Snip ============snip>

S&P/TSX SMALLCAP INDEX, SEPTEMBER, 2008, ANNUAL REVIEW

Additions
   
Issue name                                  Symbol
   
Air Canada                                   AC.B   

<Snip ============snip>
Many others.
<Snip ============snip>

Company additions to and deletions from an S&P index do not in any way reflect an opinion on the investment merits of the company.

You did not reply: Are you still holding?

Louise