Investing and Personal Finance

[fightinfrenchman]

Can someone tell me what I'm doing wrong

[gibson]

That tweet doesnt even make sense......

[Goodspeed]

Can someone tell me what I'm doing wrong

Obviously you're not doing enough insider trading

[Amsel_]

Me vs that guy who went all in on volatile stocks

[n0el]

2100 points, brutal.

[Horsemen]

With the whole of Italy in lockdown Europe will be in recession by this summer for sure. The markets will fall even more tomorrow.

[harcha]

I should have saved a bit more so that I could use this opportunity to buy an apartment...

[Goodspeed]

Buying opportunity?

[Vinyanyérë]

A buying opportunity for guns and ammo maybe

[deleted_user]

man how did the gun-touting kind-of-isolationist nominee not win in this climate?

[n0el]

Buy airlines. Thank me in 6 months.

[Horsemen]

Buy airlines. Thank me in 6 months.

Not if those airlines collapse

[iNcog]

-- deleted post --

[n0el]

Buy airlines. Thank me in 6 months.

Not if those airlines collapse

I’ll be specific then, buy delta. $DAL

[iNcog]

-- deleted post --

[n0el]

Pulled the trigger on DAL at $36.40.

[Vinyanyérë]

@n0el Would you mind going over your reasoning a bit?

[iNcog]

-- deleted post --

[n0el]

@n0el Would you mind going over your reasoning a bit?

The airlines are already priced down from travel bans, etc and the industry is already consolidated. The downside risk is that they go bankrupt, however, that is extremely unlikely considering there’s already consolidation, more likely there’d be a bailout. Long term upside is huge. Air travel is going no where, and delta is the current leader in the field domestically. To be clear, I’m not looking for a short term play. This is a long term buy.

[Vinyanyérë]

Cool thanks. Is a larger percentage of Delta's business in domestic flights compared to other major airlines? I'd expect international travel bans to stay in place a lot longer than domestic ones.

[n0el]

I don’t think so. It’s probably comparable to United or American, but like I said, I’m looking long term.

[[TLDT]Amsterda]

Cool thanks. Is a larger percentage of Delta's business in domestic flights compared to other major airlines? I'd expect international travel bans to stay in place a lot longer than domestic ones.

In terms of revenue 17/15/11% comes from European Union flights for United/Delta/American Airlines. Not sure about what the profit margins were on those flights. and not sure about the share of revenue coming from domestic flights either.

[n0el]

I think a short term play would be seeing what Jet Blue opens at on Monday. If it’s around 10$ I think you could double your money in a year.

[deleted_user]

Grownups.

The stock market is morally groce.

[n0el]

Grownups.

The stock market is morally groce.

I just hope esoc keeps getting its yang bucks