Lufthansa who is Europe’s largest airline in terms of passenger numbers, the picture looks similar to American Airlines although we do prefer it on balance. This is a stock we believe will be trading ~50% higher in the next 12-18 months but some definite pain is likely along the journey for the aggressive buyer.
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Thursday 11th September – Dow off -220pts, SPI off -20pts
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Wednesday 10th September – Dow up +196pts, SPI down -4pts
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