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Airline to buy during dip

Posted on 6/10/20 at 9:10 am
Posted by Bawcephus
Member since Jul 2018
2747 posts
Posted on 6/10/20 at 9:10 am
all airlines are down this morning. is the bottom gonna fall much more? which would you choose to invest in?
Posted by jmarto1
Houma, LA/ Las Vegas, NV
Member since Mar 2008
33971 posts
Posted on 6/10/20 at 9:10 am to
Throw a dart at the board at this point
Posted by 632627
LA
Member since Dec 2011
12763 posts
Posted on 6/10/20 at 9:12 am to
I’d still wait, most of the airlines are still up 100% over the last few weeks. Plenty of room to drop more.

When you do buy, the consensus has been that spirit, Southwest and delta have the best balance sheets.
Posted by Grits N Shrimp
Kansas City, MO
Member since Dec 2014
646 posts
Posted on 6/10/20 at 9:18 am to
Alaska or LUV. But I wouldn’t buy them at these levels
Posted by Delacroix
Member since Oct 2008
3987 posts
Posted on 6/10/20 at 9:49 am to
Im buying BA little by little until it gets back to $300
Posted by YungBuck
Baton Rouge
Member since Dec 2017
1759 posts
Posted on 6/10/20 at 10:08 am to
I bought BA at $131 a share, JETS, and DFEN as well. All have at least 60% return so far even with yesterday and today
Posted by FLObserver
Jacksonville
Member since Nov 2005
14470 posts
Posted on 6/10/20 at 10:29 am to
Oh Sweet ALK(alaska air) you were so beautiful 2 days ago What happened?
Posted by Auburn1968
NYC
Member since Mar 2019
19528 posts
Posted on 6/10/20 at 10:38 am to

I dumped mine early in the drop and took a nice profit on DAL and LUV. I'm keeping an eye on them, holding and waiting to see how far down they go, before I pull the trigger again.

This is one of those basic industries that will come back with out a doubt. It's just a question of which ones will survive and come out stronger in the end.

Toward the end of the month financial reports could go either way. If the reports are expected to be very bad and only end up being bad, it could cause a jump.

GDP could act like the unemployment report. If it is not as bad as expected, there could be a big updraft.
Posted by BowDownToLSU
Livingston louisiana
Member since Feb 2010
19264 posts
Posted on 6/10/20 at 11:18 am to
I took some Jet Blue this morning
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
71146 posts
Posted on 6/10/20 at 12:50 pm to
quote:

Oh Sweet ALK(alaska air) you were so beautiful 2 days ago What happened?


Wish I'd known the dip was coming. Could have sold then and bought back in now.
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26579 posts
Posted on 6/10/20 at 12:51 pm to
BA is going to $300 imo
Posted by boomtown143
Merica
Member since May 2019
6702 posts
Posted on 6/10/20 at 12:56 pm to
quote:

BA is going to $300 imo


Hope so!
Posted by FLObserver
Jacksonville
Member since Nov 2005
14470 posts
Posted on 6/10/20 at 2:13 pm to
quote:

Wish I'd known the dip was coming.


Dont we all
Posted by prostyleoffensetime
Mississippi
Member since Aug 2009
11437 posts
Posted on 6/10/20 at 2:53 pm to
I bought BA @135 and sold @ 207 this morning and regretted it most of the morning so I bought half of it back at 208. Gonna buy some more when some funds get settled I think.

Also sold SAVE and DAL for an average of 45% profit.... I’m going to sit the airlines out for a few days. Will definitely be back in if they fall another 20 or 25%
Posted by tigers1956
baton rouge
Member since Oct 2008
4781 posts
Posted on 6/11/20 at 9:07 am to
Delta....
Posted by cgrand
HAMMOND
Member since Oct 2009
38820 posts
Posted on 6/11/20 at 9:10 am to
quote:

I bought BA @135 and sold @ 207 this morning and regretted it most of the morning so I bought half of it back at 208

oof
Posted by DLauw
SWLA
Member since Sep 2011
6086 posts
Posted on 6/11/20 at 1:08 pm to
Some of what I bought during COVID

JBLU @ 7.65
AAL @ 11.09
CCL @ 8.31

I'm waiting for them to drop a little closer to what I paid originally before buying more.
This post was edited on 6/11/20 at 1:10 pm
Posted by CaptainJ47
Gonzales
Member since Nov 2007
7353 posts
Posted on 6/11/20 at 2:36 pm to
Don’t know that we see those prices again. My average on SAVE was $9.50. Debating a small (500 share) position to re-enter now at $16.
Posted by DLauw
SWLA
Member since Sep 2011
6086 posts
Posted on 6/11/20 at 3:31 pm to
I just dumped Jet Blue.
quote:

JetBlue Airways Corp.'s (JBLU) credit rating was downgraded Thursday further into "junk" territory at S&P Global Ratings, which cited an expected "substantial cash flow deficit" in 2020 as the COVID-19 pandemic has resulted in a steep decline in airline traffic.


If she drops back to $8, maybe I'll buy it again.
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
71146 posts
Posted on 6/11/20 at 6:48 pm to
Avoid AAL. Their liabilities are 100.3% of their assets.
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