Originally Posted by
BeatNavy
Purchase price of a share of stock has nothing to do with when you should sell. You don’t sell a stock based on its value when you bought it, you sell it based on its current and future value. A 50-100% premium to today’s price is a “good” deal (otherwise the price of the stock would inherently be higher). If you want to make an argument that you think ULCC/SAVE are severely undervalued at their current share prices and SAVE will be higher than $30 (or equivalent if F9 merger happens) 1-2 years from now, that’s a valid argument, but basing a vote on an expected 50-100% ROI in 12-24 months is a bit aggressive, especially with the headwinds this industry/economy is facing.
I completely disagree. Imagine both of our surprises?! When you sell a stock is an individual and personal decision. Me, personally am not selling a stock at $30 I bought for $28. I buy stocks to invest in a company that i Believe will
Climb much higher and therefore make me Money. If that’s $1000 profit or $10,000 profit that’s up to the individual investor. You May think that $8000 is a ‘good deal.’ And perhaps it is . For you. But what do you have to give up personally by going the way of B6 to Harvest that profit? $8000 is 1/2 month or less for most captains. Simply not rich enough for me. I’ll gladly take the risk in owning more shares of ULCC and see where that gets me in 5 years time. I’m a buy and hold type of investor. I stipulate not everyone is. Throw in the $30 isn’t an instant payout then Definitely count me out. And if there’s so many headwinds ahead then why is B6 offering such a ‘premium’ and basically over paying for Nk?