Paul J Singh

Category: airlines

  • CAL’s Inverse Correlation with Energy

    Today I went short on CAL, an airline stock, and went long USO (U.S. Oil Fund). Most likely, this trade is either going to pay off handsomely or hurt badly. I don’t see much hope for any middle ground, as the stocks have had an inverse correlation over the past…

  • Today’s Trades: CAL and USO

    I re-entered a 500 share short position in CAL at $41.60. This is an aggressive play, as the stock has not yet broke the forming head and shoulders pattern. I also bought 500 shares of USO at $46.80. My target is $50, which is just under the 50 day moving…

  • Trade Update: CAL

    I was stopped out of CAL for no gain or loss (minus commission cost, which I don’t factor on the site). I still think many of the airline stocks are setting up for a a fall, but it looks like they are going to bounce a bit before they do.…