Teeps...AIR is a cyclical stock!!!!....why am I repeating this statement.:mad ;:
If you doubt me..do some research...I've copied Investopedia's definition for you below...they don't mention emerging competitor problems which is a sign of a maturing cycle..
Cyclical Stock
Cyclical stocks rise and fall
with the business cycle. This seeming predictability in the movement of these stock's prices leads some investors to try to time the market by buying these stocks at the low point in the
business cycle and selling them at the high point. Examples of companies whose stocks are cyclical include car manufacturers,
airlines, furniture retailers, clothing stores, hotels and restaurants. When the economy is doing well, people can afford to buy
new cars,
upgrade their home furnishings, go shopping and travel. When the economy is doing poorly, these discretionary expenses are some of the first things consumers will cut. If a
recession is bad enough, cyclical stocks can become completely worthless as companies go out of business.
For example, the airline industry is a fairly
cyclical industry; in good economic times, people have more
disposable income and, therefore, they are more willing to take vacations and make use of air travel.
Conversely, during bad economic times, people are much more cautious about spending. As a result, they tend to take more conservative vacations closer to home (if they go at all) and avoid expensive air travel.
Read more:
Cyclical Stock Definition | Investopedia http://www.investopedia.com/terms/c/...#ixzz3r4JC1c4n
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DISC:...Oh!!..by the way this "nervous Nellie" sold out today (2.74) after holding the stock for a month ..made a small 4% profit..disappointing result for me...but my discipline said sell and it is a compulsory action when dealing with cyclical stocks....best of luck to the holders I hope the share price goes up