Furry
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What happens when you print even more money than the fed. I'd like to see what those stocks did with inflation taken out.
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What happens when you print even more money than the fed. I'd like to see what those stocks did with inflation taken out.
Sanrith Descartes
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Sanrith Descartes
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I have investments and I have trades. I sold WMT because it was a trade, it hit a 52 week high and I made money which I took off the table. I firmly believe this will not be a V shaped recovery. I expect some form of retesting to occur. I am culling profit and rebuilding my cash position for a retest of some fashion.
Sanrith Descartes
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Its a crap shoot. The real danger to investors is they declare bankruptcy and screw the shareholders. There is serious risk and based on their share prices possobly some serious reward. Airlines are a gamble.
Disclaimer : I am long DAL. I'm taking the risk.
Hateyou
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I don’t think most of us are day trading all our money away. It sounds like most people in here are doing both. Buying some long haul investments while attempting to make some cash on short term trading the volatility too. Some are leaning more long term, some are leaning more short term. No one wants to hear the boring “I bought my weekly $100 of Apple and Amazon stock today” updates.
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Hateyou
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DAL looks really tempting in the $20s. I may pick some up and take that risk as well.
Sanrith Descartes
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It had the strongest balance sheet of the majors going in which is why I picked them. I bought a little earlier than I should have (around $30). I think the bottom is in so ill ride it out a while and see how it plays out. If I can bang out 20 or 25% in a few months I'll punch out and be happy.
Furry
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Yes. On my two main accounts I'm still 100% bond's/cash. Only move I've made was betting on a squeeze at GME. 100% of the float short is pretty lol.
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Sanrith Descartes
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I dont know. No one does. Historically the odds say we should have a retest if they bear low. But it isnt a 100% certainty. And this black swan event is hard to define by past downturns. We have a Fed who is basically willing to carry the economy on its back at least through Nov. We have a Congress adding to the debt in terms of stimulus in numbers that are defined with a T instead of a B.
Shrug. I am within 5% of green on my IRA, and up 10% on my brokerage and my daughters custodial account. With profits I have scraped off the table I am about 30% cash right now. If we retest I push it in, if we don't and its a V recovery I look for spots on the way up.
Thats the best advice I can give.
Pops
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I just don't want to chase rally's. But I have a lot of cash that has no home anymore. The question is how fast the economy comes back. I read in China they are already packing tourist spots. Cruise ships are actually booking people for next year.
God knows how everyone reacts to the inevitable second wave.
God knows how everyone reacts to the inevitable second wave.
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I bought some DAL awhile back but should of listened to my own advice and stuck to domestic airlines. The problem with DAL is they own very large percentages of several foreign carriers, and I don't trust foreign governments and airtravel in the short to mid/long term. If they had not gone on a international buying spree, then yes DAL would be up there as a top pick for a airline investment.
I'm concentrated on purely domestic carriers with very little international footprint.
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Sanrith Descartes
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Cruise ships never stop booking. They are using the deposits as rolling cash flow. Airlines not names Spirit aren't cutting prices. If anything tickets are about 20% higher than normal due to lack of flights.
Earnings season started yesterday. I expect this to be a real test of nerve as people start seeing the early damage. Look at the banks. They are booking 4-5 billion each for future losses this year to bad loans/mortgages. The banks themselves don't look horrible, but those anticipated losses should be (and are) scaring people.
Sanrith Descartes
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Yeah I can agree with your thinking. My DAL is quite small and speculative. I mainly went in early based on Buffett having a stake and their balance sheet. At that time shutting down our economy for months wasn't on the radar. I think it will get me profitable before the end of the year. I am about 5$ a share underwater so not so deep I can't see the surface.
Hateyou
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I bought a grand of it this morning. I saw countries overseas are starting to open back up, and I’m guessing US will in a few weeks. Hopefully people start traveling right away due to being pent up and the stocks do well in a quarter or two.
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Pops
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OXY pays Buffet 17.5 million shares in lieu of cash. He gets a 10% discount on price of OXY. The whore who runs OXY bypassed a shareholder vote by issuing that pfd to buy out Anadarko out from under CHV.
Destroying the company. About that glass ceiling....
Destroying the company. About that glass ceiling....
Sanrith Descartes
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