Pops
Avatar of War Slayer
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Investing General Discussion
- Thread starter Furious
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
taebin
Same trailer, different park
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Big Phoenix
Pronouns: zie/zhem/zer
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Sanrith Descartes
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They already agreed to the bailout. I think they each got like 5b. 70% grant and 30% loan with some warrants attached.
Asshat wormie
2023 Asshat Award Winner
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Thats a baby bailout, i am thinking something much greater, something nearing a governmental take over of the airlines without actually taking them over.
Sanrith Descartes
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I think it is way to early for that. Av gas prices are pennies now and they are grounding a ton of planes. If you look at ticket prices a lot of coach seats are sold out since there are so few flights and prices are about 10% above normal. Except for spirit. Fuck spirit.
Sanrith Descartes
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I'm starting to sell weekly o-o-m covered calls on my XOM. I think oil is semi stable based on the huge glut we have that weekly calls should be semi-safe and I can roll out/up if needed. I figure I can make up about 1% of my paper loss each week with a decent amount of safety.
Asshat wormie
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It is early. But we are going to be stuck with WuFlu for a long time, the news will continue talking about it even after we reopen and everyone will be wearing masks and face coverings which will be a constant reminder. This thing will be in the back of everyones minds which will kill any demand for flights outside the normal commercial use. The airlines are going to take a hard dicking for more than a year and probably longer.
Sanrith Descartes
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I dont disagree with you. That being said, the market is a looking forward entity. Today's price is looking forward how far? 6 months, 9 months? A year? A month from now if closures get lifted in parts of the country the stock proce should rise as the forward outlook changes. Im not in DAL to HODL. I need the price to rise high enough for a decent profit and I'm out 
Sanrith Descartes
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There ain't a whole lot of tricks left up their sleeves at this point. Its basically Trump tweets and hoping. Douchebags like Cuomo and his merry band of liberal governors doing everything in their power (and even not in their power) to crater the economy.
Sanrith Descartes
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Hey
Blazin
I have a couple of dogs that have underperformed during the rise back up from the bottom. I'm looking at you T. I already captured the dividend and am green by a few percent. I'm thinking about cutting bait with the tiny gain and reallocate the cash for the next real dive or some other opportunity I find. What do you think?
Blazin
I have a couple of dogs that have underperformed during the rise back up from the bottom. I'm looking at you T. I already captured the dividend and am green by a few percent. I'm thinking about cutting bait with the tiny gain and reallocate the cash for the next real dive or some other opportunity I find. What do you think?
Blazin
Creative Title
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Hey
Well T the dividend is pretty safe and that means it has a pretty strong floor around $28 it can dip down there but it never stays very long. Upside may be limited but unless you want to deploy the cash elsewhere may not be a bad place to park some money. You could just keep writing calls against it tempting the fates to take the shares off your hands and if it doesn't you generate some more income off of it.
The market has me pretty confused right now, I understand it's bullishness long term but the market is definitely being a little more forward thinking than is normal. There are signs of weakness underneath but it also has managed to not fall apart at several points that it would have been very easy to. This is more just my disclaimer that I don't have a good read right now on what happens in the next few weeks so take it all with a grain of salt.
When I don't have a good read I try to be more patient (slow down decisions) and I try to default towards optimism no matter how much it feels shitty just because it will steer you right far more often than wrong.
Sanrith Descartes
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I retired from T so I know it inside out and trade in and out of it constantly. I bought near the bottom hoping for a quick 10-20% pop but it hasn't rode up with the rest of flotsam and jetsam. I got the dividend last week so its 3 months before the next. I guess I am seeing it as dead money right now and if I wait until a downturn in the overall market I will probably be upside down when it happen and not want to sell.
Hateyou
Not Great, Not Terrible
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Sanrith Descartes
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Sanrith Descartes
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