There is no smart money involved here. With the S&P at well over...

There is no smart money involved here. With the S&P at well over 3900 vs its 3400 all time high in 2019, before covid and inflation, rising interest rates, the war in Ukraine and an imminent recession, it's easy to see that we're still in the midst of an epic equity bubble.

The fact that $QAN trades up and down 5% in most weeks shows that it's detached from any fundamentals or reality. The "re-opening" trade has created a speculative trading instrument out of this stock, nothing more. And while markets remaing in a tremendous bubble you've got traders thatt have no idea what they're doing, piling into poor quality companies with very little idea what they're doing. Just look at what has happened to all the morons that were hoodwinked by meme stocks like AMC, GME, Bed Bath and Beyond and Tesla. They're all sitting on tremendous losses now.

The day will come when QAN can no longer ignore its overdue capex and the immense costs of upgrading their very old fleet of planes. The days of close-to-zero interest rates are forever behind us and the upcoming significant costs that face this company will deter sustainable profitability for a long, long time to come. The free cash flows that the company generates now are very temporary and at the cost of reliability, safety, quality and reputation - this is evident with all of the negative media surrounding the company and its CEO.