Spirit Airlines | SAVE | Long at $2.80
I'll be the contrarian. Spirit Airlines 
SAVE has been beat to a pulp, but the company is still actively flying the high skies. While low-budget airlines have hit a rough patch as low-income consumers tighten their spending, the CFO recently was awarded almost 250k in options (a bullish sign). Plus, the next few years could be great for airlines as interest rates are lowered and travel increases as AI takes our jobs - what else is there to do with people's time and money?!
So, while a "risky play", it is resting along my lowest selected simple moving average which (usually) spirs a rally. This may not come until the interest rate lowering anouncement (short interest is high with this one), but the price at $2.80 is currently in my personal buy zone.
Target #1 = $4.00
Target #2 = $6.26
SAVE has been beat to a pulp, but the company is still actively flying the high skies. While low-budget airlines have hit a rough patch as low-income consumers tighten their spending, the CFO recently was awarded almost 250k in options (a bullish sign). Plus, the next few years could be great for airlines as interest rates are lowered and travel increases as AI takes our jobs - what else is there to do with people's time and money?!So, while a "risky play", it is resting along my lowest selected simple moving average which (usually) spirs a rally. This may not come until the interest rate lowering anouncement (short interest is high with this one), but the price at $2.80 is currently in my personal buy zone.
Target #1 = $4.00
Target #2 = $6.26
Penafian
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