Time to Short Airlines as OPEC Cuts Crude Output

I’ve been watching in bewilderment at how much airline stocks such as UAUA, AMR, DAL, LCC, and RJET have have rallied without any real profit taking to set in yet. I shorted RJET a few times mostly for profits as I’m looking to catch this on the down side once people start taking there profits. And it's not a matter of if this will happen, it's when. With every huge sector rally, there's always a point when it peaks and retraces a significant amount before it continues going up, levels, or continues to fall.

OPEC scheduled an emergency meeting for Friday, October 24th, and is expected to cut crude oil output by an unknown amount. Demand for oil has been on the decline which has led to oil dropping around 55% from its peak near 150. Falling oil prices has meant increased profits for airlines, which is why the airline sector has been skyrocketing. Yet with rumors of the OPEC cut, hugely overbought conditions, and airline stocks losing momentum, this seems like it could be the beginning of a good time to catch airline stocks on a downside move, at least in the short term.

I’ve been trying to go short in several of them, yet shares have been hard to borrow. I managed to borrow some shares of RJET at 12.43 on Wednesday and alerted Black Service Members to go short. UAUA was also another very appealing airline stock and fell as far as 20% Thursday during the session, yet I wasn’t able to get any shares to short.

Fast Funds For Short Sales - No Credit Needed

We have now introduced our newest program that provides you with Private Funds
to use for Flipping Short Sale Transactions. This is available in all 50 states
and your credit is no concern to them.

You line up a prequalified buyer to purchase from you and our Investor can provide
you with the Proof of Funds and the Cash to buy the short sale from the Bank.

Cost of Funds is 1% plus $300 flat fee, all paid from your profits at closing.

Example:

You buy a home worth $200,000 in a short sale for $100,000 and resale for $150,000.

You keep $50,000 minus 1% (1,000+$300 flat fee).

... http://www.FundsForShortSales.com