Lufthansa contrarian long - for the brave

trading near long term base around 7 to 8 EUR. Expect a short term rebound after bailout is approved (as it will be) followed by a long and difficult recovery. Position small long if & holds. No miracles about to happen in this battered sector but lower competition going forward and higher fares plus lower fuel prices will help a lot.

Flights seem also to be leveling off : https://www.flightradar24.com/data/statistics

Note

Earnings are coming up - important to see the reaction to how bad they are

Trade active

Almost a lift off but nothing to be excited about yet. Stay long - cautious

Trade active

Lighten up on the long - summer will be volatile, reduce by 25-50%

entropycapital

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