No trade, just watching !

JBLU didn't do well today, down $.16. Close near the low of the day, the trading volume was increasing toward the 4 PM close on the sell side. Tomorrow we should get a clearer picture of the direction it's going. But right now it's on the down size, shaking out the weak hands.

What I think:
It's in the indecision area, finding support and then go higher or the opposite way. Worse case would be testing the last year's low at $9.15. But I don't think it will happen!


@ 12.474 = 5% gain
@ 13.068 =10% gain
@ 11.286 = -5% lose

positive:

- new higher high than yesterday
- higher low also
- maybe it's a bear trap ( over 23% of shares short )
- down on lower volume
- possible gap up again tomorrow
- I think yesterday was the first day of breakout to the up side
- I still think it's in an early uptrend
- you want to get in before it moves higher
- it shouldn't have big resistance until it reaches the $13 level
- longer term: I think the 13 ema and 50 ema are gonna cross. That would be very positive!


negative:

- not very positive
- some profit taking or some short selling
- can't break the $12 level
- couldn't hold the 13 ema
- can't wait too long


Company Data

Company Name: Jetblue Awys Corp

Dow Jones Industry: Airlines

Shares Outstanding: 178,177,000

Market Cap: 2.1 Billion

Short Interest: 42,741,312 (23.99%)

52-Week EPS: n/a

52-Week High: 17.02 on Tuesday, January 16, 2007

52-Week Low: 8.93 on Friday, April 21, 2006

P/E Ratio: n/a

Yield: n/a

Average Price: 12.65 (50-day) 12.20 (200-day)

Average Volume: 7,282,500 (50-day) 5,418,200 (200-day)