Ain't that the truth.....

Somewhere in Dallas theres a bunch of guys going "we could cover our hedging losses with baggage fees"

when the "bags fly free" ads end and the "free bags fly here" stickers disappear you know its about 6 months away.

I bet none of the 737-800 coming will have those decals...
Once they charge for bags, goodbye quick-turns, especially on the 800...

Cheers
George

 

I don't know if I'd ever compare AOL/Time to Delta Air Lines.

One (AOL) offers nothing and is a kiss of death in a merger, the other is Delta Air Lines. We actually do produce something of value that people want and therefore while numbers can look the same on a financial statement to me it is nothing more than comparing the TD to INT ratio of a kid playing NFL Madden and a real NFL QB. They both have numbers but one is just not real. It has a lot of money but it's not really worth anything.

That's my humble opinion.

Also this:

Now isn't Delta making a $765M Q3 profit in a recession? Well it's not a recession FTB, you moron. Sure feels the same as one.

 

Has felt the same prior to September 14, 2005. Has felt that way since GG's "Do it once and do it right."

 

Is that similar to "one place, right place?"

 

What's this MD 88 Driver thing? I bet your license says DC-9. Now that we've covered airplanes, let's talk trading.

Investing/money management is actually a valid topic at L&G given that each of us is now responsible for the performance of our retirement accounts. 88 Driver has mentored a lot of guys. I imagine Scambo1 has had a conversation or two on the flight deck. I know I have.

88 Driver, there is more to it than investing or day trading. What you are doing is investing using a bullish trading strategy. The projected timeline for your positions generally ranges from 3 months to as much as 4 years. Day trading is usually opened and closed on the same day or within 24 hours. You are correct, it is extremely difficult to do consistently.

There is a middle ground. It's called trading. You do it when the opportunity presents itself and the probabilities align with your trading opinion. That's what Scambo1 is doing. Most of these strategies have a life of 2 weeks to 2 months.

I do both investing using the exact same method as you and trading like Scambo1. They are not incompatible. They are just different. When I trade I do defined risk strategies. I never trade naked. I trade high proability strategies. I sell premium. I don't need stops because I define my risk from the outset. I use TNA as one of the mainstays of my trading. But, I am an experienced trader. It's not for a beginner. It's not dangerous if used properly.

Here is my prediction. Now that the market has gone up in a dramatic fashion, the probabilities are beginning to shift the other way. It's not quite time, yet. But, it if the S&P goes up closer to 1300, it will be time to short. I have closed many of my bullish trades in the last few days. My trading powder is dry and I am waiting for the right entry point. Yes, you can make money both ways. You just have to be flexible. This has been a great trader's market. Not so good for the buy and hold guys.

 

Orville, no ones disputing the place that trading has in a strategy. The only thing we are discussing this is that on Oct 2, Scambo said to park all your investible assets in a money market and wait for the market to fall off the cliff in 2-3 weeks. It has done nothing but gone up since and had anyone taken his advice, they would has missed out on significant gains. Now he is saying that he has been long the market since his "falling off the cliff call" and made good money.
Just think it's funny, that's all.

 

More than 400 majors, captains forced out - Air Force News | News from Afghanistan & Iraq - Air Force Times


Doesn't have pilot #'s, but a quick summary of the RIF from the AF Times.

 

My old man always said "measure once, cut twice, use lots of caulk"

 

Its only not a recession because our antiquated textbook definition of recession is GDP based and that includes government spending and ignores inflation that isn't correctly/sufficiently reported anymore due to political reasons anyway.

We have a very long way to go before we see a real, sustainable recovery. A long way to go. Before that happens, things could get very interesting economically. If we want to experience reasonable sustained growth as a pilot group anytime soon, we will have to re-interlalize outsourced flying, ruthlessly fight start ups and cabotage, win customers and lobby hard to end the subsidy (direct and indirect) glory days of the foreign carriers.

 

Of the top 5 articles in the Air Force Times, 40% were positive PR for gay issues. For a second there, I thought you had rick rolled me into reading the Village Voice.