JBLU will go UP
$5.00 on 7/14/08
$21.85 (463.14% from time of market call)
This may come as no suprise, but Oil is going down and very soon. Saudi ministers are addressing it already. The world cannot continue to sustain long term high prices for oil without being in an economic recession world wide.
Given the fact that fisherman are already protesting in Europe, protests and demonstrations in Asia are happening due to high prices, and the US economy is lagging, all due to oil being high, buying when Jet Blue is low is a bargain waiting to happen for any investor.
Given the fact that many of the other airlines are charging for baggage, and jet blue has not, this would be one of the best stocks to grab in the short term. I see Jet Blue going up to 5.00 returning it to the levels it had been at just months ago before oil started its rise.