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Cabin Fever gambles
Posted on 3/18/20 at 3:00 pm
Posted on 3/18/20 at 3:00 pm
What do you guys think about putting money into Expedia or another travel agency? Seems like people will start getting cabin fever and possibly looking to book cheap trips once this whole thing blows over. i would imagine that trip prices will be very affordable and Expedia is selling for cheap right now.
2
Posted on 3/18/20 at 3:07 pm to guppy
It will come back...question is...how long will it take?
Posted on 3/18/20 at 3:11 pm to guppy
quote:
Expedia is selling for cheap right now.
Define “cheap”.
Longer term, I don’t know. All I can tell you is I loaded up on short call positions on EXPE and BKNG yesterday. Happy today. I wish that it wasn’t against my religion to buy (non hedged) options or I’d have bought puts for an even better pay day. But anyway, I see no reason to believe that there’s not more pain to come in that sector.
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