Friday, July 18, 2008

Oil and the Airlines II (CAL; DAL; LCC; NWA)

Our post "Dear CFTC: About those Oil Markets. And: A Stock Tip" was an inverse bet on oil prices.
Since I posted it at 24 minutes to the close and assuming our readers have better things to do than hang out at Climateer Investing all day, I'll use the (higher in all cases) opening price on Monday, July 14 rather than the closing price* on Friday. The results for the four names:

CAL up 34.17%
DAL up 31.25%
LCC up 25.32%
NWA up 32.57%

Unleveraged, no derivatives.
Over the five days oil was down 11.2%.
Enough with the airlines, now back to our regularly scheduled programming.

*For example, using Friday's close, NWA's return goes up to 40.79%.