Thursday, September 07, 2006

JBLU and Crude: Inverse Trade


JBLU: Black; Crude: Blue.

Crude declined in October-Dec in 2004 and 2005 in the last quarter of the year.

At the same time, JBLU rallies higher. Although, early in the fall trade worth a look and accumulate on weakness with exit at 9. Continue to build on strength towards $12-14 level.

Of course JBLU has company specific risk while crude has began its summer correction.

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