[ASAP]

Originally Posted by BMW F22

Why do you say that?

DL is the most profitable and is best poised to weather the storm...
AA has massive debt and Warren Buffet basically said get out... UA share price seems to be double.... again, no expert; just what I've heard.

[premier3is]

Originally Posted by BMW F22

True, and I agree. My thoughts are that there are 4 big ones: AA, Delta, United, and SW. SW is a low cost leader of airlines and I think they will be okay in that segment. The other three then will be okay too because without one, the other two will become too big taking up that market share (or buyout).

Southwest is worse off right now than when this all started and hit the hardest. They are hitting new lows daily, I would be extremely cautious with this one myself. I personally dont think I'd play southwest. Maybe Delta or American.

What's everyone's thoughts on JetBlue and spirit? Lol

[BMW F22]

Originally Posted by ASAP

DL is the most profitable and is best poised to weather the storm...
AA has massive debt and Warren Buffet basically said get out... UA share price seems to be double.... again, no expert; just what I've heard.

I see. Oh well. We’ll see how it pans out.

Will be buying UAL once it drops a bit more (maybe around $18).

[premier3is]

To sum up my thoughts on all these Airlines discussions (and I'm sure you all already know this).

Invest as if it is money you are taking to Vegas for the weekend, seriously. Put in what you can afford to lose, and forget it. It's all gambling money. Rmtt already mentioned this earlier, but just restating it since I don't want people to feel like they are missing out on buying opportunities and lose more than they can afford to do so.

I've seen some really bad outcomes for people.

[BMW F22]

Originally Posted by premier3is

To sum up my thoughts on all these Airlines discussions (and I'm sure you all already know this).

Invest as if it is money you are taking to Vegas for the weekend, seriously. Put in what you can afford to lose, and forget it. It's all gambling money. Rmtt already mentioned this earlier, but just restating it since I don't want people to feel like they are missing out on buying opportunities and lose more than they can afford to do so.

I've seen some really bad outcomes for people.

Yup. This is my mentality as well. Hence I’m not worried if it fluctuates. If I were putting in 20%+ of my savings during this time I’d be worried. Just hoarding cash like everyone is and playing with spare change only.

[Bimmer Nerd]

Originally Posted by premier3is

Anyone playing options on any airlines as a gamble? Lol

I bought puts against ROKU, MGM and PENN couple of weeks ago.

Doing very well rn.

[Bimmer Nerd]

Originally Posted by Rmtt

Hell no....today is a day to buy! So many opportunities....

Not yet.

[Rmtt]

Originally Posted by Bimmer Nerd

Not yet.

I used today to average down quite a few holdings to my advantage. One I am holding went back green later in the day because I was able to average down.

I just kept an eye on the "Level II's"......and placed bids accordingly. People panic selling......I was more than happy to scoop some stuff up.

Remember people....it isn't a loss until you sell. Or the company goes out of business. But you should do enough due diligence before getting into something....and never let emotions dictate your judgement.

[Rmtt]

Originally Posted by Bimmer Nerd

I bought puts against ROKU, MGM and PENN couple of weeks ago.

Doing very well rn.

Nice. I'm strictly cash right now....haven't branched out any farther as I have a FT job I have to stay up with which requires me to be away from a computer or phone depending on what's going on.

I do plan to get into other parts of this game at some point though.

[Littlebear]

Originally Posted by Jordan's World

BMW F22
.... Anyone watching anything in particular? I see a lot of interest in BA in here, but don't see anyone talking about anything else.

The last few years I have been watching MU, sometimes owning, sometimes not. MU goes up & down lots, but it has been almost... predictable.
Now MU is sort of mid range, so you could buy now, or wait for a little lower price.

Murf

[Bimmer Nerd]

Originally Posted by Jordan's World

BMW F22

Entirely? - No. I've been in and out of BA about 3 times for few quick gains, however I am just patiently waiting for it to bottom out for my long-term position. I am planning on distributing my remaining 75% in there and potentially buying down my position in the airlines a bit. Bought in pretty close to 52-week lows, but always room to lower cost basis.

Still watching Disney but think it can come down more.

Anyone watching anything in particular? I see a lot of interest in BA in here, but don't see anyone talking about anything else.

RTX is a good alternative/buy to BA imo.

[MisterF80M3]

Sold CODX way too soon. Up 70% today. FML...

[Inuyasha]

Originally Posted by Bimmer Nerd

RTX is a good alternative/buy to BA imo.

+1

[BMW F22]

Originally Posted by Bimmer Nerd

RTX is a good alternative/buy to BA imo.

Was actually thinking about that a month or so ago. Have some Lockheed stock that has been going up the last 5 years. Would be interesting to see how RTX does.

[IndyRed128i]

Down from a high in the $60's, Southwest (LUV) seems like a great pick that is trading in the $20's now.

Compared to all their peers, they are in a better spot financially, and almost exclusively specialize in domestic travel, which will almost certainly rebound from the virus first.

I just bought more the other day, and plan to buy a lot more, depending on how things evolve.

At the end of the day, airfare will always be a need, and they are well situated.

Any other buyers on this forum?

[AlpineWhite_SJ]

Originally Posted by IndyRed128i

Down from a high in the $60's, Southwest (LUV) seems like a great pick that is trading in the $20's now.

Compared to all their peers, they are in a better spot financially, and almost exclusively specialize in domestic travel, which will almost certainly rebound from the virus first.

I just bought more the other day, and plan to buy a lot more, depending on how things evolve.

At the end of the day, airfare will always be a need, and they are well situated.

Any other buyers on this forum?

A big portion of domestic travel is going to be soft for some time. Lots of businesses are going to be trying to hold down costs and just figured out you can do video conferencing fairly effectively instead of face to face. A bunch of those road warriors aren’t going to be traveling as much as before simply because they don’t want to, company won’t approve travel, or the business contacts they would have flown to call on won’t accept visitors.

[MisterF80M3]

Originally Posted by IndyRed128i

Down from a high in the $60's, Southwest (LUV) seems like a great pick that is trading in the $20's now.

Compared to all their peers, they are in a better spot financially, and almost exclusively specialize in domestic travel, which will almost certainly rebound from the virus first.

I just bought more the other day, and plan to buy a lot more, depending on how things evolve.

At the end of the day, airfare will always be a need, and they are well situated.

Any other buyers on this forum?

It just made new 52week lows today. Why catch a falling knife? Wait for it to confirm before jumping in.

[IndyRed128i]

Originally Posted by AlpineWhite_SJ

A big portion of domestic travel is going to be soft for some time. Lots of businesses are going to be trying to hold down costs and just figured out you can do video conferencing fairly effectively instead of face to face. A bunch of those road warriors aren’t going to be traveling as much as before simply because they don’t want to, company won’t approve travel, or the business contacts they would have flown to call on won’t accept visitors.

You make a really good point about companies wanting to cut costs, but let's be honest, Zoom and MS Teams meetings are still not the same experience as traveling in person.

Plus, for a lot of single folks (like me), business travel beats a vanilla office job.

[IndyRed128i]

Originally Posted by premier3is

To sum up my thoughts on all these Airlines discussions (and I'm sure you all already know this).

Invest as if it is money you are taking to Vegas for the weekend, seriously. Put in what you can afford to lose, and forget it. It's all gambling money. Rmtt already mentioned this earlier, but just restating it since I don't want people to feel like they are missing out on buying opportunities and lose more than they can afford to do so.

I've seen some really bad outcomes for people.

I agree 100% on the with every other airline besides Southwest right now, for the reasons I stated above.

[Bimmer Nerd]

Who wants to guess the numbers tomorrow?

2.5m expected to have filed unemployment past week

2.35m actual

GREEN DAY!

[Rmtt]

Originally Posted by Littlebear

The last few years I have been watching MU, sometimes owning, sometimes not. MU goes up & down lots, but it has been almost... predictable.
Now MU is sort of mid range, so you could buy now, or wait for a little lower price.

Murf

Sounds like the perfect chance to do some Swing Trading.....if it were to continue that trend.

I had a couple a few months ago that were like clockwork it seemed. It would dip hard and sit for 5-10 days, then spike for 1-2 days, then go back down to original levels.

I hit them up for gains at least 3-4 times. Not a lot...but it was like a $300+ "swing" each time depending on how much I put in it.

[Littlebear]

Originally Posted by Rmtt

Sounds like the perfect chance to do some Swing Trading.....if it were to continue that trend.

I had a couple a few months ago that were like clockwork it seemed. It would dip hard and sit for 5-10 days, then spike for 1-2 days, then go back down to original levels.

I hit them up for gains at least 3-4 times. Not a lot...but it was like a $300+ "swing" each time depending on how much I put in it.

MU is not a 'break out" company, so be careful when the price gets up.