Quote:
Originally Posted by FlyingPoke
I know stock buying is usually a long-term thing, but I'm young and anybody can see the bullish rise in price every year for the past few years of XJT in the winter months, so I was looking to make a quick buck... Guess I'll just wait and see if it settles down a bit, then hop in.
If you want to make a quick buck in stocks, stay away from airline stocks! Take a look at Chipotle Mexican Grill---I was lucky and got that just over $44/share after its IPO.
http://finance.yahoo.com/q?s=cmg Thats ~$8,000 in PROFIT assuming my purchase of 120 shares. I like this stock to $120, and then I'm dumping it.
If you're looking to "make a quick buck" learn to read financial reports, listen to earnings calls, etc. Once you can decipher all of that information, the rest is just a matter of putting your actual $$$'s into the actual stocks, pull out at the right time, and you can supplement your pilot pay
It takes a lot to de-rail a major corporation (Chipotle, Starbucks, Hertz, McD's, etc.) but an airline stock is one bad day away from plummeting.