Delta Air Lines, Inc. (NYSE: DAL) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Delta Air Lines, Inc. (NYSE: DAL)

DAL 58.51

+2.0%

Nov 3 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: epicure who wrote ()	8/10/1998 4:06:00 PM
From: Larry Voyles	Read Replies (1) of 82

Since there's been nothing on this thread for a while, I thought I would fill up the dead air with, well.. words. First, I am a DAL employee. I have no holdings (long or short) in DAL at the moment. I have been both long and short in DAL in the past as I saw fit. Contrary opinions are invited, as it won't hurt my feelings. DAL seems to have leveled out over the past few days. It's been hanging out in the 116-120 range and is below the 50- and 100-day MA. They're also poised right above the bottom Bolinger Bands, for those of you TA folks that care. I've drawn up some really ugly charts and based on a stand-alone analysis of the DAL chart, I would hazard a wild-ass guess that we're in for a consolidation, followed by a brief move upwards. DAL doesn't seem to have broken as hard percentage-wise as UAL or AMR since mid-July, but hasn't prospered quite as well as LUV over the past few weeks. I guess that this could have been predicted based on a TA of things, as DAL has been riding the rim of the upper Bolinger Band for a while before the big "break", and indeed jumped definitively outside the upper band two days prior to the "big break". I'll be watching DAL during the first half of this week to try and get a feel for which way it will break out of this "consolidation phase". The trend is still down, overall. I note with interest that AMR and UAL have both leveled out somewhat. What worries me is LUV breaking downwards in what strongly resembles a dead-cat bounce. Although LUV seems to play by different rules, it was tracking the other three closely prior to the "big break". Opinions?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next