Thats right, I said it, Northwest Airlines (NWAC for you home gamers)!
I know I said I would never buy a transportation stock. And I know I said I would certainly never buy an airline stock cause they always suck. And I know I said I would never buy a stock that is inversely tied to oil prices. With all that said, I just placed an order to but 600 shares of NWAC. Why? Because I believe in this stock and more importantly, because it was upgraded to "outperform":
"Today Bear Stearns upgraded Northwest Airlines Corp. to outperform from market perform, saying it believes the shares are pricing in the uncertainty surrounding a potential mechanics strike this weekend and service disruptions. The broker told clients that in its view the risk/reward balance has now turned favorable and added that Northwest is the only legacy airline that has not received concessions after Sept. 11 and has some of the highest unit labor costs in the industry."
Now lets cross those fingers and see how much money we can make here. All I am looking for is really about $1 (lol).
Also, great news. You don't HAVE to get these emails anymore. The posts are automatically posted to my new blog called DollarOne.
You can find it at: http://dollarone.blogspot.com
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