Common Cents sold a portion of its LUV position at $45.25 after a sharp rise in share price due to its recent earnings report. Common Cents feels that upside from this level may be limited; however, an evaluation of the current earnings report is currently being performed. A preliminary review of the earnings report does not indicate that any significant negative events occurred during the quarter, so the previously established price target is likely in the ball park of the revised target going forward.
Going forward, Common Cents will look to purchase more shares at an approximate 10% decrease from this level.
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