Thursday, August 10, 2006
Reminder: NEVER BUY AN AIRLINE
I know Jimmy went all-out guns ablazed bullish on CAL, about 13 points higher (ouch), but he should have known better. Although, airlines, at times, can be used as effective hedges against oil-- generally its a bad idea to roll the dice on the airlines.
Bottom line: Just because a stock is hitting 52 week highs, like the airlines were a short while ago, does not make them good buys. Lazy men shop the 52 week high list, instead of doing efficient research. In no way was that comment directed at Jimmy; )
Bottom line: Just because a stock is hitting 52 week highs, like the airlines were a short while ago, does not make them good buys. Lazy men shop the 52 week high list, instead of doing efficient research. In no way was that comment directed at Jimmy; )
