British Airways

Hard as nails, I gather you shorted at £2.88 yesterday ! LOL

We have already retraced 35p to the bottom of the trading range and posted a higher low.
Which is also the 61.8% Fib retracement from the low of 31st August.

* FTSE & US Indicies very oversold,
* Oil Falling, (Bloomberg TV., Oil trader on the Floor at the Chicago Merc expects $55.00)
* 67% of US Companies that have reported so far have exceeded expectations, even though a lot of companies have been affected by hurricances.
* BA is set to report on the 4th of November (Ten working days)
Outstanding premium passenger growth, profits on hedging??
* Air travel is still growing robustly
* November Gulf Coast Jet Fuel has dropped from $2.42 to £1.92 and is still falling


Are you sure you don't mean you are going to hold your shorts all the way to £3.60?