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puts for tendies
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Zig when the market Zags.
Be fearful when everyone is greedy. Be greedy when everyone is fearful. Buy the dip |
Originally Posted by Super EZ E
(Post 2983211)
Get ready to buy! Folks panic sell then its time to make money! I'm talking about the market as a whole.
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Originally Posted by Aero1900
(Post 2983377)
Zig when the market Zags.
Be fearful when everyone is greedy. Be greedy when everyone is fearful. Buy the dip |
Originally Posted by DrSteveBrule
(Post 2983363)
puts for tendies
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So where’s the bottom? Five year low it looks like today. Obviously the market as a whole is in free fall and airlines especially so but with corona not really hitting the US or Latin America in a meaningful way right now I don’t see any reason for Spirit tanking. I want to throw some more money at it but just when I think it’s right it moves lower.
I don’t dare look at my 401k the last two days luckily my horizon is pretty far out, but my investment account has been a blood bath. I took a closer look at the handful of stocks I own and I liked them before the fall so I should like them more now but hesitate using more cash to buy more not knowing if we are due for more falling. |
anybody's guess. Feels more like a long overdue correction than a recession, but we're one isolated outbreak from another 5 percent down day. It's pricing in the global economy now, i still dont think a wide spread US outbreak is priced in. Until one happens, i suppose it doesnt need to be priced in. When i look at industrials, i see anything staying above DOW 25k as a bull market correction. If she slips below 25k? Now we're flirting with 20% retraction. I hit strike and sold my AAL puts today. Holding my Save 32.50 puts but nearly sold them. My brain is telling me there is no good reason for people to reinvest in transports right now. Put window is gone. Volatility is nuts and i cant stand it. My goal is all cash before 4pm Friday, then wait.
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Originally Posted by DrSteveBrule
(Post 2984818)
anybody's guess. Feels more like a long overdue correction than a recession, but we're one isolated outbreak from another 5 percent down day. It's pricing in the global economy now, i still dont think a wide spread US outbreak is priced in. Until one happens, i suppose it doesnt need to be priced in. When i look at industrials, i see anything staying above DOW 25k as a bull market correction. If she slips below 25k? Now we're flirting with 20% retraction. I hit strike and sold my AAL puts today. Holding my Save 32.50 puts but nearly sold them. My brain is telling me there is no good reason for people to reinvest in transports right now. Put window is gone. Volatility is nuts and i cant stand it. My goal is all cash before 4pm Friday, then wait.
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Originally Posted by DrSteveBrule
(Post 2983363)
puts for tendies
this is the way |
How about spirit specifically? We are falling with the other airlines and we have zero Asia exposure.
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