Stock Watch 12.8.11 “Blame it on Baldwin”
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The impressive run of AMR continues. Today the story was they may be a takeover candidate by Southwest Airlines. I think the real reason their stock is up is because they kicked Alec Baldwin off a flight. Story here http://www.cbsnews.com/8301-31749_162-57338722-10391698/american-airlines-responds-after-alec-baldwin-kicked-off-flight/
Ok, so that’s not the real reason but since they threw Alec of the flight the stock has ripped over 100%. If they get a chance to kick Justin Bieber off a flight that stock might go to $10. All joking aside this stock is setting up to be a killer short.
Wednesdays trades CMED +220 LEI +75 IO +65 GMCR +300 VHC +65 AMR -55 LEI -30 ROYL 0 Total +635
Watchlist THQI DBLE TEA POWL CMED ROYL MNI