Here's something fun for you to try...look back at the upgrade/downgrade history for just about any airline stock, along with it's corresponding stock price. Had you followed the advice of these wizards of wall street, you would have invariably bought high and sold low.
Are you saying Baker is lying that SWA would have not lost money in 8 of the past 16 quarters without hedging? Because if you are denying that fact then you might want to read also that SWA, or DDA as I prefer, admits it would have lost money in 5 of those quarters but disputes the other quarters.
How many times has it been said that SWA would have lost money without hedging to only be bashed by those DDAites that say that is not true. Yet the company ADMITS it is true. Loyalty and reality are not a combination that mixes with this group I suppose