Quote:
Originally Posted by Opus
The message we got (nw side) is that Athena thinks the stock will be up round 18 within a year as things settle down. The problem with selling it they said was the large volume that needed to be sold and would there be that many buyers. What I don't understand is why we need Athena in the first place. First they charge a fee, second we are capable of making our own decisions on when to sell. For example, I do believe most of us would have sold when the stock was at 12. So, for argument sake let's say pilot A sold it at 12 and received 36k and now buys it again at 6 a share, thus 6000 shares of stock which would be about double the amount of shares most pilots have so if the stock goes back up to just 12 then pilot A would have doubled his amount from what he would have gotten from Athena. But then I went to public schools and couldn't even look at an Ivy league application.
Yeah, can't exactly say I'm the biggest fan of letting ALPA National decide what to do with OUR Equity. I think they are obligated to go through a company such as Athena in order to not create a drastic change in the DAL's stock price, but I am not an expert by any means so I'm not sure.
It's almost like Social Security or Mortgage Bailout Stimulus Packages, we obviously are not capable of making coherent, prudent financing decisions for ourselves.
We let our unions take our dues, our government take our salaries, and we are obligated to trust that both will make the best possible financial decisions for us.
That's the day in age we all live in I guess, instead of preaching financial responsibility we are are promoting financial ignorance and dependency.
If I take a risky investment and lose money doing it at least I will be able to look myself in the mirror and say that I was the one who made the bad investment. Something unsettling about trusting Athena to make the best possible investment decisions for us, given the state of the things.
05-24-2021