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Started By
Message
re: My case for Spirit Airlines
Posted on 3/26/20 at 10:15 am to sonoma8
Posted on 3/26/20 at 10:15 am to sonoma8
I got lucky on the timing, personally I bought very close to the low. I sold yesterday though to lock in my profits (couldn't pass up 125% gain in 6 days), but also because I was wary about the run-up and the looming job claims report.
I still think it's a good long term buy. They're still at about half of book value with one of the best balance sheets in the industry.
I plan to buy back in, especially if we have a pullback.
I still think it's a good long term buy. They're still at about half of book value with one of the best balance sheets in the industry.
I plan to buy back in, especially if we have a pullback.
2
Posted on 3/26/20 at 10:17 am to rintintin
Appreciate the info 
Posted on 3/26/20 at 10:28 am to rintintin
What’s your target to buy back in? Or at this point are you just waiting for day in the red?
Posted on 3/26/20 at 10:43 am to prostyleoffensetime
quote:
Or at this point are you just waiting for day in the red?
Pretty much this. I'm just not confident that we've seen the low in the market yet (or that we won't at least test those lows again). I could be way wrong and miss out, but I won't cry over the gain this past week. As they say about pigs and hogs.
Posted on 3/26/20 at 10:44 am to rintintin
Sold yesterday, still holding Delta
Posted on 3/26/20 at 11:02 am to sonoma8
I’m still holding for a bit.
Posted on 3/26/20 at 11:42 am to rintintin
Your original post caught my attention. That along with my desire to get a little beat up airline exposure made me take a look. I usually avoid airline stocks. Bought at 8.50 and sold for 13.25 five days later when I got an alert that it was up 50%. Not second guessing my decision to sell even though it went up further. I still have it on my closely follow list and like you might buy again on a pull back.
Posted on 3/27/20 at 10:06 am to rintintin
Nice little drop today. Think it’s gonna go up once they sign the bill?
Posted on 3/27/20 at 11:43 am to TigerMan327
Beats me. I think it just depends on what the rest of the market does.
I personally think it's a good long term buy at any of these levels.
If you're looking for another one week blastoff and dump though, I'd probably look for a better price.
I personally think it's a good long term buy at any of these levels.
If you're looking for another one week blastoff and dump though, I'd probably look for a better price.
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