Comments on: No bottom in sight for this bear market–it’s just the beginning? http://wishingwealthblog.com/2009/03/no-bottom-in-sight-for-this-bear-market-its-just-the-beginning/ A stock trading blog by Dr. Wish Sat, 11 Feb 2012 22:28:10 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Giuse http://wishingwealthblog.com/2009/03/no-bottom-in-sight-for-this-bear-market-its-just-the-beginning/comment-page-1/#comment-497 Giuse Wed, 04 Mar 2009 05:21:39 +0000 http://wishingwealthblog.com/?p=1224#comment-497 Eric, Mkt trend is down, but what trend do you think ALGT will go? NEWS:(Dow Jones)--The U.S. airline industry is shrinking routes this year, as fewer passengers fly. But one small carrier, Allegiant Travel Company (ALGT), is on a growth track. The plucky Las Vegas company, which caters to vacation-minded travelers in small towns across the country, hasn't flinched in the face of economic recession and fluctuating jet fuel prices. The airline on Tuesday reported that February passenger traffic on scheduled flights rose nearly 10%, with load factors, or the number of full seats per plane, rising to 90.2%. Last month, the airline said it would add service in May to a new market, Los Angeles, from 12 of the 62 cities it serves. The airline hopes to avoid fare wars that have hit the recession-wounded industry; only two of Allegiant's routes, both in California, compete directly with other airlines, Chief Executive Maurice Gallagher said in an interview. Allegiant stock traded recently at $34.44, midway between its 52-week high of $49.06 and low of $15.89. Analysts reporting to Thomson First Call, on average, are looking for the shares to rise to nearly $55 in the next 12 months, as the airline adds revenue while keeping costs low. Eric, Mkt trend is down, but what trend do you think ALGT will go? NEWS:(Dow Jones)–The U.S. airline industry is shrinking routes this year, as fewer passengers fly. But one small carrier, Allegiant Travel Company (ALGT), is on a growth track. The plucky Las Vegas company, which caters to vacation-minded travelers in small towns across the country, hasn’t flinched in the face of economic recession and fluctuating jet fuel prices. The airline on Tuesday reported that February passenger traffic on scheduled flights rose nearly 10%, with load factors, or the number of full seats per plane, rising to 90.2%. Last month, the airline said it would add service in May to a new market, Los Angeles, from 12 of the 62 cities it serves. The airline hopes to avoid fare wars that have hit the recession-wounded industry; only two of Allegiant’s routes, both in California, compete directly with other airlines, Chief Executive Maurice Gallagher said in an interview. Allegiant stock traded recently at $34.44, midway between its 52-week high of $49.06 and low of $15.89. Analysts reporting to Thomson First Call, on average, are looking for the shares to rise to nearly $55 in the next 12 months, as the airline adds revenue while keeping costs low.

]]> By: Mr Risk http://wishingwealthblog.com/2009/03/no-bottom-in-sight-for-this-bear-market-its-just-the-beginning/comment-page-1/#comment-496 Mr Risk Wed, 04 Mar 2009 04:39:17 +0000 http://wishingwealthblog.com/?p=1224#comment-496 Dr. Wish, I am a bit surprised that you don't have AutoZone (AZO) on your stock buy list. Dr. Wish, I am a bit surprised that you don’t have AutoZone (AZO) on your stock buy list.

]]> By: Mr Risk http://wishingwealthblog.com/2009/03/no-bottom-in-sight-for-this-bear-market-its-just-the-beginning/comment-page-1/#comment-489 Mr Risk Mon, 02 Mar 2009 21:02:35 +0000 http://wishingwealthblog.com/?p=1224#comment-489 I don't know how anyone can miss the market trend. There are so many pundits on TV and in the printed media who just can't figure it out. Good job Dr. Wish. We're certainly in panic mode now. All my market risk indicators are dead in the water. We need some type of high volume buying day to arrest this decline. There isn't one in sight, yet. I think today is the exclamation market that the market has more than broken the 2008 market lows. It the sign that the bottom fishers are throwing in the towel. I don’t know how anyone can miss the market trend. There are so many pundits on TV and in the printed media who just can’t figure it out. Good job Dr. Wish.

We’re certainly in panic mode now. All my market risk indicators are dead in the water. We need some type of high volume buying day to arrest this decline. There isn’t one in sight, yet.

I think today is the exclamation market that the market has more than broken the 2008 market lows. It the sign that the bottom fishers are throwing in the towel.

]]> By: Justin http://wishingwealthblog.com/2009/03/no-bottom-in-sight-for-this-bear-market-its-just-the-beginning/comment-page-1/#comment-488 Justin Mon, 02 Mar 2009 19:42:03 +0000 http://wishingwealthblog.com/?p=1224#comment-488 Dr. Wish I am 200% short based on my own indicators and your GMI. Days like today are fun for me! Thanks! Dr. Wish I am 200% short based on my own indicators and your GMI. Days like today are fun for me! Thanks!

]]> By: Joseph http://wishingwealthblog.com/2009/03/no-bottom-in-sight-for-this-bear-market-its-just-the-beginning/comment-page-1/#comment-486 Joseph Mon, 02 Mar 2009 18:14:11 +0000 http://wishingwealthblog.com/?p=1224#comment-486 Here's another LOOKING BACK (in Wall Street Journal): http://finance.yahoo.com/retirement/article/106668/Stocks-Will-Indicate-When-the-Tide-Is-Turning Here’s another LOOKING BACK (in Wall Street Journal):
http://finance.yahoo.com/retirement/article/106668/Stocks-Will-Indicate-When-the-Tide-Is-Turning

]]> By: Dr. Wish http://wishingwealthblog.com/2009/03/no-bottom-in-sight-for-this-bear-market-its-just-the-beginning/comment-page-1/#comment-485 Dr. Wish Mon, 02 Mar 2009 16:56:59 +0000 http://wishingwealthblog.com/?p=1224#comment-485 I am still holding a little TSYS. Its long term support is at the 30 week average, around $7.39. My shorts are doing great. It is much more profitable to ride the down-trend. I am still holding a little TSYS. Its long term support is at the 30 week average, around $7.39. My shorts are doing great. It is much more profitable to ride the down-trend.

]]> By: Joseph http://wishingwealthblog.com/2009/03/no-bottom-in-sight-for-this-bear-market-its-just-the-beginning/comment-page-1/#comment-484 Joseph Mon, 02 Mar 2009 14:32:45 +0000 http://wishingwealthblog.com/?p=1224#comment-484 Eric, your blog is indeed a Trend Indicator! Thanks for sharing it with us. Curious if you still hold TSYS or did the stop order get you out? It seems it will go down to $7.50 (gap)--reason why I haven't bought it. Thus far the needle in the hay stack has perforated the CUP and seems to've broken the handle, too. Eric, your blog is indeed a Trend Indicator! Thanks for sharing it with us. Curious if you still hold TSYS or did the stop order get you out? It seems it will go down to $7.50 (gap)–reason why I haven’t bought it. Thus far the needle in the hay stack has perforated the CUP and seems to’ve broken the handle, too.

]]> By: Dr. Wish http://wishingwealthblog.com/2009/03/no-bottom-in-sight-for-this-bear-market-its-just-the-beginning/comment-page-1/#comment-483 Dr. Wish Mon, 02 Mar 2009 10:11:27 +0000 http://wishingwealthblog.com/?p=1224#comment-483 I am not making any predictions. I am simply identifying the current trend as down. The trend can change at anytime. I am not making any predictions. I am simply identifying the current trend as down. The trend can change at anytime.

]]> By: Joseph http://wishingwealthblog.com/2009/03/no-bottom-in-sight-for-this-bear-market-its-just-the-beginning/comment-page-1/#comment-481 Joseph Mon, 02 Mar 2009 05:28:46 +0000 http://wishingwealthblog.com/?p=1224#comment-481 ERIC, good observation on comparisons with the past. True that we are on down trend. However, you are really "predicting" that the this market will keep going down, and down much further. I hope you are wrong, but no one really knows! I spoketh and my word hath gone forth! ERIC, good observation on comparisons with the past. True that we are on down trend. However, you are really “predicting” that the this market will keep going down, and down much further. I hope you are wrong, but no one really knows! I spoketh and my word hath gone forth!

]]>