|
04-02-2020, 03:32 PM | #4381 |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
Casino cash: $1766869
|
Why did you buy airline stock?
__________________
Chiefs 2016 Opponents: Home: JAX, TEN, NO, TB, NYJ. Away: HOU, IND, ATL, CAR, PIT Chiefs 2017 Opponents: Home: BUF, MIA, PHI, WSH, AFC North. Away: NE, NYJ, NYG, DAL, AFC South |
Posts: 43,875
|
04-02-2020, 03:55 PM | #4382 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $240477
|
|
Posts: 40,769
|
04-02-2020, 04:05 PM | #4383 |
Veteran
Join Date: Jan 2017
Location: Orlando, FL
Casino cash: $1900400
|
several reasons:
1. Up to mid-Feb, each airline was doing just fine relative to where they are now 2. CARES funding into airline industry to keep them afloat 3. No way Govt won't continue to bail airline industry out....what are they going to do, let airlines fail? Then what....it's not like any company can just come out and buy the assets in a fire sale and resume business.... 4. Once travel is permitted and fear subsides, people will be eager to get out of the home and take the trips they couldn't now. Business travel will resume as soon as humanly possible, but I believe the discount airlines will do OK too because they'll get the business travel + those itching to get away.... I think the prices today are a by-product of fear, and once we're out of this, then it will recover nicely. It's a long play to be sure, but hey, buy low / sell high right? |
Posts: 3,231
|
1 0 |
04-02-2020, 04:06 PM | #4384 | |
Veteran
Join Date: Jan 2017
Location: Orlando, FL
Casino cash: $1900400
|
Quote:
|
|
Posts: 3,231
|
04-02-2020, 04:25 PM | #4385 | |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
Casino cash: $1766869
|
Quote:
It took years for airlines to rebound from 9/11. Then people were afraid of being collateral damage in a highly improbable terrorist attack.
__________________
Chiefs 2016 Opponents: Home: JAX, TEN, NO, TB, NYJ. Away: HOU, IND, ATL, CAR, PIT Chiefs 2017 Opponents: Home: BUF, MIA, PHI, WSH, AFC North. Away: NE, NYJ, NYG, DAL, AFC South |
|
Posts: 43,875
|
1 0 |
04-02-2020, 04:27 PM | #4386 | |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $240477
|
Quote:
you'll double your money before long. Warren Buffet, buy when others are fearful. Right! |
|
Posts: 40,769
|
1 0 |
04-02-2020, 04:41 PM | #4387 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
Casino cash: $1828491
VARSITY
|
Here's a question that should be obvious, but I can't seem to find it. What companies comprise the NASDAQ 100? I've been watching for several years now, and they've always outperformed the S&P 500 and Dow. I figured they'd underperform in a bear market, but nope. They're down far less than the S&P and Dow. I want to upweight those stocks, but I can't seem to locate a full list of NASDAQ 100 stocks.
__________________
Active fan of the greatest team in NFL history. |
Posts: 142,644
|
04-02-2020, 04:45 PM | #4388 | |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $240477
|
Quote:
https://markets.businessinsider.com/...nts/nasdaq_100 |
|
Posts: 40,769
|
04-02-2020, 05:06 PM | #4389 | |
Veteran
Join Date: Jan 2017
Location: Orlando, FL
Casino cash: $1900400
|
Quote:
These are good points for sure, and no disagreement from my end. But I see these situations as apples v. oranges I think the human emotion involved in 9/11 was just as big as factor as the real liability related to it. You rightly point out that people didn't want to fly back then. That, to me, is what drove a lag in recovery. In this case, I don't any raw fear of flying....once things are copasetic, I expect everything to return to normal. People are clamoring to get out, and once it's announced it's OK to travel, people will do so. The fear factor is minute in this situation (this is all my opinion, right or wrong) In the meantime, there are 8 billion reasons (right now) as to why I don't think airlines will go under, and with the prices where they are at, why not make a speculative buy if you can afford to do so? |
|
Posts: 3,231
|
04-02-2020, 05:43 PM | #4390 | |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
Casino cash: $1828491
VARSITY
|
Quote:
__________________
Active fan of the greatest team in NFL history. |
|
Posts: 142,644
|
04-02-2020, 05:47 PM | #4391 | |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
Casino cash: $1766869
|
Quote:
That ain't happening. You're burning cash on that assumption. It's your money, but if I were managing it, I wouldn't touch airlines.
__________________
Chiefs 2016 Opponents: Home: JAX, TEN, NO, TB, NYJ. Away: HOU, IND, ATL, CAR, PIT Chiefs 2017 Opponents: Home: BUF, MIA, PHI, WSH, AFC North. Away: NE, NYJ, NYG, DAL, AFC South |
|
Posts: 43,875
|
04-02-2020, 05:56 PM | #4392 |
MVP
Join Date: Jan 2007
Location: Missouri
Casino cash: $432250
|
I'm not ready to bet on an airline, but would you have told me the same on disney and tesla?
|
Posts: 8,641
|
04-02-2020, 06:04 PM | #4393 | |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
Casino cash: $1766869
|
Quote:
Tesla is a meme company. Nothing about their valuation makese sense. Their merger with SolarCity a few years ago borders on criminal malfeasance. If you've got enough money to buy a share and it's not going to hamper your overall goals then why not. Otherwise nope. I don't believe in a con man like Elon Musk.
__________________
Chiefs 2016 Opponents: Home: JAX, TEN, NO, TB, NYJ. Away: HOU, IND, ATL, CAR, PIT Chiefs 2017 Opponents: Home: BUF, MIA, PHI, WSH, AFC North. Away: NE, NYJ, NYG, DAL, AFC South |
|
Posts: 43,875
|
04-02-2020, 06:11 PM | #4394 | |
Veteran
Join Date: Jan 2017
Location: Orlando, FL
Casino cash: $1900400
|
Quote:
By the way, you can buy a plane ticket to Wuhan starting on April 26th....it's expensive as hell, and who knows between now and then if they actually fly or not, but apparently somebody expects to be back in business flying to the epicenter by then.... |
|
Posts: 3,231
|
0 1 |
04-02-2020, 06:15 PM | #4395 |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
Casino cash: $1766869
|
Try two years.
__________________
Chiefs 2016 Opponents: Home: JAX, TEN, NO, TB, NYJ. Away: HOU, IND, ATL, CAR, PIT Chiefs 2017 Opponents: Home: BUF, MIA, PHI, WSH, AFC North. Away: NE, NYJ, NYG, DAL, AFC South |
Posts: 43,875
|
1 0 |
|
|