3 bulls on LUV are in the red on this board...yet people still wish for miracle to happen on such a lackluster performer within a strong airlines sector...
Wall Street don't put up with weak performers. Technically, LUVis the weakest link in airline , it failed the join the sector's rally since late August.
http://finance.yahoo.com/q/bc?t=6m&s=LUV&l=on&z=m&q=l&c=%5Exal
Despite its poor performance, LUV is still over-love by Wall Street gurus, of 15 analysts who follow LUV, 7 give it strong buy/buy, 6 hold with only 2 sell.
The reason: LUV is cheap.....
However, the matter of fact is, cheap can get even cheaper as continued weakness of the stock will force bulls to change their mind.
LUV will continue its downward before it gets better....
$15.3 (12/26/06)
