Tuesday, July 03, 2007

Buy RJET Republic Airlines

Buy RJET Republic Airlines

Airlines as a group getting a nice bounce off news from CAL Continental. RJET has their own news and that is holding the stock back. However, unlike many of the other airlines the RJET chart is still strong. This is a small unhedged position. The stock trades a bit thin at times and options have a wide-wide spread.

Positions: TXN hedge long and RJET long


No comments: