DAL poll. Need opinions by the good people here.

[xboilermaker]

Have some mad money that needs big possible reward for taking a big chance. Delta appears to have found support, but need your opinions.

[TheChartGuru]

Delta may be forming what Stan Weinstein refers to as Stage One in a four stage life cycle of a stock. To understand this period you have to get a grasp on the life cycle of a stock - what Stan Weinstein calls stage analysis.

Weinstein’s breaks a stock’s life cycle up into 4 phases:

1 – Share Accumulation / Basing

2 – Mark Up / Rising Prices

3 – Share Distribution / Topping

4 – Share Liquidation / Declining Prices

"Stocks form bottoms when the current news is terrible and top out when the public is ecstatic about glowing earnings reports, stock splits, and so on. It’s therefore not surprising that typical traders and investors buy near the top, when the news is great, and then dump their stock for big losses, near the low, when the media are reporting ghastly news. It’s not luck (good or bad) that causes consistent losses for the public and consistent profits for the real professionals, but the rules by which the two groups are playing. It’s really no different from a professional poker player who understands the odds and refuses to pull to an inside straight, while the amateur lets his hunches and feelings lead him into losses."

The above is a quote from Stan Weinstein’s book Secrets for Profiting in Bull and Bear Markets.

I think DAL qualifies as a Stage One stock. Put it in your watchlist. Wait for it to start that stage 2. That's the stage where the greedy bulls come in.
The Guru has spoken, with the help of Stan Weinstein :D

[xboilermaker]

Thanks CG, was hoping for your input from the technical side. A determined plan is being carried out to bring Delta profitable in a little over 2 years. New routes being asked for from JFK to Mexico and cost containment in place. Will watch it, and feel free to comment anytime you see a real opportunity here.