I bought a bit of CHN while it was down a couple of days ago and just in time for Valentine's day I snatched up some LUV near the bottom today.

Southwest is an airline that I can pretty much count on to give me a couple of points of gain from this price level by summer time, because fuel costs will go up and they still have good hedges for the rest of this year. They will take market share and grow and show good numbers. They also pay a small dividend, which doesn’t hurt, they are universally owned and traded in very high volumes. And if I am wrong, there is smaller downside risk then with almost anyone else.

 

 

 

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