Wednesday, May 28, 2008
Oil at an all time high...
Oil is up, airline stocks are down huge. My friend then tells me, "Let's buy airline stocks, they're CHEAP!" And my response: "HELL NO!" Never buy airlines, don't waste your time doing the numbers, please just trust me on this one. Unless you are allergic to money and want nothing to do with it. Of course this theory does present a legitimate case for shorting opportunities, but that can be a dangerous ordeal. More to come on shorting later...
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