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Non-Tech : Air Canada (ACNAF) -- Ignore unavailable to you. Want to Upgrade?


To: Andrew Patrick who wrote (246)3/13/1998 4:11:00 PM
From: Scott Mc  Respond to of 270
 
Who know's this stock (as well as most others go up and down), if you are planning on buying put a limit order in, if I were to take a guess since CA was also under pressure today would say Oil Prices are firming.. (just a guess, could be many other reasons), however if you are planning on buying you should be happy price dropped today?
Anyway Good luck
Scott



To: Andrew Patrick who wrote (246)3/13/1998 4:32:00 PM
From: John Stopforth  Read Replies (2) | Respond to of 270
 
Andrew

This could be the reason Air Canada is down today:

newswire.ca

Load factor was down from 68.5% to 64.7%for February.
It shouldn't mean much since it is for February, usually a slow month,
but the market might have interpreted it as a negative.
I also read in one of Anthony's posts that Air Canada had hedged
oil at 19/barrel for half of this year. I hope they fire the boszo.
IMHO we will have to wait for the first quarter earnings to see the stock rise to new highs.

John