Stock to avoid #1 -- Delta Airlines (DAL) - Jamie Dlugosch

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Stock to avoid #1 -- Delta Airlines (DAL)
Jul 18, 2009 02:00 PM UTC

Jamie Dlugosch

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Symbol	Sentiment	Start	Return	Closed
DAL		07/18/09	-197.20%	--

Via BloggingStocks:

Filed under: Oil, Delta Air Lines (DAL), Stocks to Sell

delta airlines stock, DAL I take my absolute return approach to a deeper level by periodically buying and selling positions during the year. In late February, I suggested that investors cover the short position of Delta Airlines (NYSE: DAL) at $6.35 per share.

In my last update of the stocks on this list, I suggested that I would still be a seller of Delta. Shares of Delta did indeed lose value over the last three months. This move coincided with a blast in oil prices. Airlines are already struggling with a weak economy and excess capacity. Rising jet fuel prices make matters worse.

Continue reading Stock to avoid #1 -- Delta Airlines (DAL)

Stock to avoid #1 -- Delta Airlines (DAL) originally appeared on BloggingStocks on Sat, 18 Jul 2009 09:00:00 EST. Please see our terms for use of feeds.

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