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Am I too late to buy some cruise line/airline stocks
Posted on 6/5/20 at 9:38 am
Posted on 6/5/20 at 9:38 am
I've never been big into trading because honestly it overwhelms me and I don't know shite about it. It looks like I may be late to the party but I want to do something. Any resources you can recommend for a new trader?
8
Posted on 6/5/20 at 9:41 am to VanRIch
No. Look at 52 week high and last 12 months before the virus shutdown. Anticipate “normalcy” close to the end of the year.
Posted on 6/5/20 at 9:44 am to VanRIch
I’m hoping to get a dip of people taking profits and then I’m pouncing on more
Posted on 6/5/20 at 9:46 am to VanRIch
i'm still buying mgm and dal
Posted on 6/5/20 at 9:47 am to Pvt Hudson
quote:
No. Look at 52 week high and last 12 months before the virus shutdown. Anticipate “normalcy” close to the end of the year.
...and keep in mind that the market was way up prior to the virus and that these companies have taken huge hits to their revenue stream. I seriously doubt that most of them will be back to pre-covid levels by the end of the year...especially if Biden wins in November. Bottom line, we're all gambling.
Posted on 6/5/20 at 9:47 am to VanRIch
I have enough tech. Time to buy more laggards.
Not too late if you're holding longer term.
Not too late if you're holding longer term.
This post was edited on 6/5/20 at 9:49 am
Posted on 6/5/20 at 9:49 am to VanRIch
$SAVE - Buy up that Spirit Airlines and Southwest bud! You'll thank me later! 
Posted on 6/5/20 at 9:55 am to VanRIch
Airlines are in a bubble right now. Look at AAL. it almost returned to pre Covid levels this morning. Just my opinion.
Posted on 6/5/20 at 10:07 am to Huge Richard
quote:
Airlines are in a bubble right now. Look at AAL. it almost returned to pre Covid levels this morning. Just my opinion.
Agree. Capacity is still down 85% and it was only a moderately profitable industry at peak levels. Even if capacity wildly increases to only being down 20%, that is still a massive hit to airline profitability. And yet the market is pricing airlines as if we were already back up close to January travel rates.
Like you say, American Airlines is down only 23% from its high. That's with 85% less passengers, no more stock buybacks, and much more debt.
If the next few jobs reports don't continue the huge gains, or even worse, goes negative again after the PPP funding stops, you'll see another panic/selloff.
Posted on 6/5/20 at 10:15 am to VanRIch
The easy money has been made on these. If you are new to trading I wouldn't venture into cruise and airline stocks right now IMHO.
Posted on 6/5/20 at 10:20 am to VanRIch
I wish I had loaded up on $33 XOM with their $0.87 dividend
Posted on 6/5/20 at 10:22 am to GeneralLee
quote:
The easy money has been made on these. If you are new to trading I wouldn't venture into cruise and airline stocks right now IMHO.
This. Ride whatever you have, set a stop loss off the current highs and move on.
Posted on 6/5/20 at 10:33 am to Ramblin Wreck
quote:
I wish I had loaded up on $33 XOM with their $0.87 dividend
In six months you may be wishing you had loaded up at $53 XOM. There is still room to go with energy if Saudis and Russians don’t pummel the oil market again.
Posted on 6/5/20 at 10:36 am to Civildawg
quote:
I’m hoping to get a dip of people taking profits and then I’m pouncing on more
Huge week this week, there will be a dip next week. who knows how big, but that will be a good time to get in.
Posted on 6/5/20 at 10:40 am to Stuckinthe90s
Between airline, cruise, o&g, etc., I mostly look at where their trend/market value has been prior to this year, and think if there's anything fundamentally that would say they wouldn't go back to their regular spot within the time frame you have. For me, I use 12 months as a holding period to get the LTCG, but I also don't mind a longer hold if they are paying a dividend. For example, if XOM keeps paying 7%, $53 is still a great buy.
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