Airlines Open Higher As Oil Prices Retreat

Continental Airlines (NYSE: CAL) opened at $.00. So far today, the stock has hit a low of $.00 and a high of $.00. CAL is now trading at $17.99, up $0.39 (2.22%). Over the last 52 weeks the stock has ranged from a low of $5.91 to a high of $37.79. Shares of CAL are rising this morning, helped by falling oil futures. This has overshadowed CAL's announcement that total September traffic fell 10.9% to...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)

Stocks In Focus For Thursday

Continental Airlines September Traffic, Capacity Fall

Like the smart hedge-fund operators, these CAPS investors have bet against a stock -- and won big!

The indices were up sharply in the morning and came down sharply in the afternoon in a very dramatic and steep five-wave decline, closing near the lows for the day going away.[More...]

Good setups are few and far between, but I managed to find a few I like. I am approaching with care, considering the distinct possibility of a strong counter-trend rally.- PTNR is sitting under resistance after a high volume drop earlier in the month.- MTH: Meritage Homes hit a low of 7.04 in January, and closed at 23.65 yesterday. I am considering buying puts.<a onblur="try {parent.deselectBloggerImageGracefully();}[More...]

Good setups are few and far between, but I managed to find a few I like. I am approaching with care, considering the distinct possibility of a strong counter-trend rally. - Partner Communications (PTNR) is sitting under resistance after a high volume drop earlier in the month.

The stock market indices after dropping sharply and retracing then backed and filled for the rest of the day in what I consider a potentially bullish consolidation.[More...]

Filed under: Google (GOOG), Wal-Mart (WMT), AT and T (T), Citigroup Inc. (C), Money and Finance Today, Merrill Lynch (MER), Countrywide Financial (CFC), Yum Brands (YUM), Southwest Airlines (LUV), Contl Airlines'B' (CAL)

In the News:
Trading Strategies for October
Following the most volatile September in memory, here are 10 ways to play the year's scariest month.
http://www.marketwatch.com/newscommentary/tradingstrategies

Payout Jackpots for Credit Crunch CEOs
Though they were at the helm of companies that were bruised or broken by the credit crunch, these 12 CEOs were still offered big severance packages when they were shown the door. They include Merrill Lynch's Stan O'Neal who got $161 million, Citi's Chuck Prince $105 million and Countrywide's Angelo Mozilo $100 million to name a few.
http://www.cnbc.com/id/26959512

Continue reading Trading strategies for October, Payout jackpots for credit crunch CEOs & small biz woes - Today in Money 10/1

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