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Our stock had run up to to a 52 week high prior to the qtr results (it was no secret it was going to be good) what you are describing is normal profit taking.:beer:
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Dan's right about this. This is fairly common, and happens to Southwest all the damn time. The stock price will creep up and up, leading to the day when quarterly results are announced, and then when we announce a profit, the stock drops a bit. Our stock has been climbing a lot lately (as have most airline stocks), and has been pushing its 52 week high up and up for the last month or two. However, today's the day when we announce our Q3 results, so you might look for that later today.
Bubba
Bubba