It is up today on their earnings. We are actually at support. If it corrects more it will go to $125. This is a good time for this stock.
He is not positive on the energy complex because it tends not to do well until mid-December. This is the stock he would recommend in this space. Support is about $40. He thinks it will start to rise in mid-December.
As utility stocks picked up, this one did not. This is not the time of the year for telcos to do well. It is a good long term hold. It needs to break above $56 before getting in.
It will typically do well in the last part of the year. We are coming down it its support level. If it breaks support then look somewhere else.
It has slid down a bit and is negative for the year, like the market. We are coming up to the seasonally strong period for this sector. If it starts to show support, take another look, perhaps in late November.
Nov. 26 is when you want to enter that sector. He would wait because it is in a downward trend. It has negative momentum.
They are going international but competition is increasing from other countries at the same time. They have started to consolidate and are forming a base. He thinks we will consolidate for a bit yet. In November and December are good times for this airline.