The Long Investor

$JBLU

Added 2023-08-01 13:11:14 +0000 UTC

Beat on earnings, just slightly but gave a cautious guidance, as they voiced concerns for their domestic travel.....but having read the report, there is no mention of their international travel network especially traveling and expanding to London, Amsterdam and Paris etc.

I am surprised to hear that the CEO did not specifically mention that they are mitigating these challenges already by expanding into international travel.....I do not believe the wider market is aware of this and I believe, the other transatlantic airlines are very much aware of Jetblues competition threat from expanding into Europe.

So I am lead to believe that they are sandbagging and will over deliver for their next earnings.

Back to the chart, the pull back has gone below the 0.618 Fib but staying on the outside of the yellow trend line which was the downward channel for the last 2 years.....staying outside of this channel is important. Pulling back to the 0.78 Fib at $7.11 is not an issue.

If this does test new lows at $6, I will be adding here, too much value to ignore here at this price.