Short
Spirit Airlines Update
Save General Direction Analysis Thesis: SAVE will most likely follow course in the downtrend, we are in a range where a bearish stance is most favorable from a technical standpoint. Any fluctuation out of the downtrend I attribute to the merger with JBLU that is being pushed as I type this. If the merger is successful then we will see the stocks price rise rapidly and volatility spike, and there are indications that it is very likely to happen for reasons I have explained in my 3-4 previous recordings. For the time being, a bearish stance with the intention of riding this trend to a cheaper level taking a bullish stance at the best discount while closely following the merger.
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