Southwest?

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dualstow
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Southwest?

Post by dualstow » Mon Mar 02, 2020 2:04 pm

I have a lot of research to do first, but the idea keeps nagging at me to buy an airline stock and hold it for a year or 2, or 5. Like Southwest.
Is that nutty? Or does it make sense.
I'd probably buy it 2 to 4 weeks from now.
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Re: Southwest?

Post by pmward » Mon Mar 02, 2020 4:50 pm

It did just bounce off the same lows it hit in the Dec 2018 meltdown. From a technical perspective, it looks like it would have been a good purchase last week around that $45 level. Keep an eye on the corona news flow. Remember that these things go "buy the rumor, sell the news", or in cases like this it's the public selling the rumor, and they will in turn likely buy the news regardless what that news flow is.
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dualstow
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Re: Southwest?

Post by dualstow » Tue Mar 03, 2020 12:27 pm

pmward wrote:
Mon Mar 02, 2020 4:50 pm
or in cases like this it's the public selling the rumor, and they will in turn likely buy the news regardless what that news flow is.
If they're anything like my wife, they're buying way too much rubbing alcohol and toilet paper. O0
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Re: Southwest?

Post by Kbg » Wed Mar 04, 2020 1:46 pm

WEB loaded up on some Delta this past week
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Re: Southwest?

Post by dualstow » Wed Mar 04, 2020 2:20 pm

WEB = Warren Buffett?
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Re: Southwest?

Post by Kbg » Wed Mar 04, 2020 10:19 pm

Yes
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Re: Southwest?

Post by dualstow » Thu Mar 19, 2020 3:08 pm

My new Delta shares are worth half what I paid for them. Nothing like buying at the bottom. O0
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Re: Southwest?

Post by dualstow » Sun May 03, 2020 9:53 am

Berkshire sells airline stocks
https://onemileatatime.com/warren-buffe ... ne-stocks/
"When we sell something, very often it’s going to be our entire stake. We don’t trim positions. That’s just not the way we approach it any more than if we buy 100% of a business. We’re going to sell it down to 90% or 80%. If we like a business, we’re going to buy as much of it as we can and keep it as long as we can. And when we change our mind we don’t take half measures.”
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Re: Southwest?

Post by Kbg » Mon May 11, 2020 11:24 pm

WEB turned on a dime.

I looked at GDP now and nowcast tonight, yikes. Apparently the market believes the Feds actions are more important than the economic data coming in.
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Re: Southwest?

Post by Vil » Tue May 12, 2020 2:20 am

dualstow wrote:
Sun May 03, 2020 9:53 am
Berkshire sells airline stocks
Branson is a step ahead - selling 'space' stocks to preserve 'airline' - see here
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Re: Southwest?

Post by dualstow » Tue May 12, 2020 5:29 am

I have a few of those shares as well- see Moonshots thread. Not enough to worry about, though.
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Re: Southwest?

Post by ochotona » Tue May 12, 2020 7:44 am

Kbg wrote:
Mon May 11, 2020 11:24 pm
WEB turned on a dime.

I looked at GDP now and nowcast tonight, yikes. Apparently the market believes the Feds actions are more important than the economic data coming in.

That is what the algorithms that buy "believe". That's how they've been programmed.
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