Any "Latest & Greatest" about Delta?
10-27-2011 | 08:25 AM
Gets Weekends Off
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From: 767A (Ret)
10-27-2011 | 08:43 AM
No longer cares
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From: 767er Captain
VT (Voluntary Temp) was a great deal for commuters. It didn't affect anyone in the category you were temping to as your bid was processed after everyone who was normally in the category.
For example:
You're a NYC7ERA and an ATL7ERA temps into your category for November. If you are a blockholder (we would have called you NYC7ERB, where the B is for Block, which is equal to REG) or a RES, you will bid and be processed by PBS prior to the ATL7ERA, even if he is senior to you. In this way it didn't hurt anyone, and allowed the company to even out their staffing.
I was a commuter that lived between MSP and DTW and I would have a standing VT card in for whichever base I wasn't permanently based at. It was an equal commute to either base, and I preferred to be VT'd so the company would positive space my commute, pay for hotel, and pay per diem for the entire month (whether I was used or not)
It has to be worded just right, and I see why you're hesitant, but it really was a great deal for commuters, and like I said the rest of the guys didn't really care because the VT's always bid last.
For example:
You're a NYC7ERA and an ATL7ERA temps into your category for November. If you are a blockholder (we would have called you NYC7ERB, where the B is for Block, which is equal to REG) or a RES, you will bid and be processed by PBS prior to the ATL7ERA, even if he is senior to you. In this way it didn't hurt anyone, and allowed the company to even out their staffing.
I was a commuter that lived between MSP and DTW and I would have a standing VT card in for whichever base I wasn't permanently based at. It was an equal commute to either base, and I preferred to be VT'd so the company would positive space my commute, pay for hotel, and pay per diem for the entire month (whether I was used or not)
It has to be worded just right, and I see why you're hesitant, but it really was a great deal for commuters, and like I said the rest of the guys didn't really care because the VT's always bid last.
10-27-2011 | 08:46 AM
No longer cares
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From: 767er Captain
Who wrote this again? Oct 2:
"If you haven't set up a brokeragelink do it first thing monday morning. Put all available investable assets there (sitting in a tax exempt moneymarket trust). The market is going to fall off a cliff within the next 2 weeks... sooner rather than later.
Wait for the market to hit bottom...by 3rd week in Oct. Buy a good 3X etf like tna or erx. Plan to sell in april sometime and shift your holdings to a 3X inverse etf like FAZ. Rinse repeat. Not much babysitting required.
FWIW, from the guy who bought erx monday (not friday) at 30.80 and sold tues for 38, a 25% gain in two days in full view of you folks.
Again, not investment advice, do your own due diligence, your mileage may vary, you are responsible for your own actions, etc."
"If you haven't set up a brokeragelink do it first thing monday morning. Put all available investable assets there (sitting in a tax exempt moneymarket trust). The market is going to fall off a cliff within the next 2 weeks... sooner rather than later.
Wait for the market to hit bottom...by 3rd week in Oct. Buy a good 3X etf like tna or erx. Plan to sell in april sometime and shift your holdings to a 3X inverse etf like FAZ. Rinse repeat. Not much babysitting required.
FWIW, from the guy who bought erx monday (not friday) at 30.80 and sold tues for 38, a 25% gain in two days in full view of you folks.
Again, not investment advice, do your own due diligence, your mileage may vary, you are responsible for your own actions, etc."
10-27-2011 | 08:47 AM
The Brown Dot +1
Joined: Jun 2009
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From: 777B
The market fell off the cliff on the 3rd of october. If you had bought tna at the bottom, that day, you would be up about 100% today.
Now noone has a crystal ball, but I wrote that on the 2nd. I did not know the cliff was on the 3rd or the 15th.
No matter how you slice it, in one month you would have beat 8 years of the snyder method. Just sayin.
10-27-2011 | 08:48 AM
No longer cares
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From: 767er Captain
10-27-2011 | 08:57 AM
Gets Weekends Off
Joined: Apr 2008
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From: LAX ERA
As a kinda-sometime senior reserve guy in NY, and an unable to even throw bags in the same category in ATL, I could see where unable to hold a good line guys in ATL would come up in order to fly out of NY so they could hold 4th of July (for example) off, and make me fly it. Like you said, it has to be worded right, and so far I have little faith about our lawyers ability to do so. That SUCKS.
But, as you said, making sure our lawyers got it all worded correctly would be vital. Any missing piece screws it up. Plus, as I said before, it's all moot without a monthly AE process.
Ferd
10-27-2011 | 09:10 AM
The Brown Dot +1
Joined: Jun 2009
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From: 777B
T;
You are right, this europe thing doesn't end well. It is far from over. IMO the market is rising right now on dollar weakness alone. When the exuberance fades, and the dollar regains ground against the euro, we'll be back on the seesaw.
Initially, the whole europe "crisis" will seem to end when Greece gets kicked off the euro - Merkel's plan - Greek debt at 120% of GDP by 2020? That's a plan? Currently, they are at 180% of GDP.
Bailout funds invented out of thin air by 3X leveraging of the existing bailout fund...theoretically by issuing bonds? This sounds to me like a can kicked down the road using derivatives (all over again). European banks dont have to have funds to cover loans until next June. (Voluntary) Greek bond haircuts of 50%?
The euro was not invented as a print yourself out of debt currency. The EU will have to radically change their treaties if that is to happen.
Then comes Italy, belgium, spain, portugal and ireland.
May you live in interesting times.
10-27-2011 | 09:26 AM
Gets Weekends Off
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Never mind, Ferd already answered it.
10-27-2011 | 09:38 AM
ATL A320 B
Joined: Oct 2009
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From: No longer MEM or 9, but still a guy.
As a kinda-sometime senior reserve guy in NY, and an unable to even throw bags in the same category in ATL, I could see where unable to hold a good line guys in ATL would come up in order to fly out of NY so they could hold 4th of July (for example) off, and make me fly it. Like you said, it has to be worded right, and so far I have little faith about our lawyers ability to do so. That SUCKS.
If you added temping to our current system where there is no seperate category for lineholder and reserve, it would essentially just be a mechanism for balancing out the reserve body count among bases.
Right now, what you say you fear, already happens within the categories when guys who normally hold a line, drop down to reserve to grab up a holiday off that they can't hold otherwise. One advantage to seperate categories was that if you were a "senior" reserve guy, you were always a "senior" reserve guy, even during the holidays. Even with that said, after working under both systems, I think that I prefer the combined lineholder and reserve that we have now, with room for improvement of course.
Last edited by Mem9guy; 10-27-2011 at 09:46 AM. Reason: adding content...
10-27-2011 | 09:43 AM
Gets Weekends Off
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From: 767ER capt
The market fell off the cliff on the 3rd of october. If you had bought tna at the bottom, that day, you would be up about 100% today.
Now noone has a crystal ball, but I wrote that on the 2nd. I did not know the cliff was on the 3rd or the 15th.
No matter how you slice it, in one month you would have beat 8 years of the snyder method. Just sayin.
Now noone has a crystal ball, but I wrote that on the 2nd. I did not know the cliff was on the 3rd or the 15th.
No matter how you slice it, in one month you would have beat 8 years of the snyder method. Just sayin.
TNA has had a good run since then, but that kind of investing isn't for the faint of heart.
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