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-   -   Earnings call (https://www.airlinepilotforums.com/spirit/129492-earnings-call.html)

RustyChain 06-05-2020 09:23 AM

Second quarter earnings will shake off this "irrational exuberance". I bet it sees 15 before it sees 30 again.

FlyGuy2002 06-05-2020 10:43 AM

If it touches $15, perfect opportunity to buy more on the dip

Tranquility 06-05-2020 11:34 AM

Sold half at almost a pure double and it hit this morning at $25.50. Now playing with the house’s money and would like to sell with a 3 handle somewhere. Until earnings come out and we can see the EPS, valuations are practically impossible (unless you’re using tangible book value). I’ll patiently wait as I now have my original money back.

ShyGuy 06-05-2020 12:03 PM

Looks like the high was 25.94 and then a sell off spree so closed at 22.62

I didn't sell any :o

week 06-05-2020 02:13 PM

It’s been right in line with the JETS etf just swings at a higher magnitude it seems

comrcap 06-05-2020 03:05 PM

Agreed! Sold everything today! This is a pause area. Don’t know how long, but it’s a show me time. It’s probably going to consolidate for a while before next leg up. We just burned the shorts. Now we need new buyers based on info. Increased schedule in July is already baked in the price. Check the rev loads going forward on the employee travel site. Look at the most profitable routes for available non rev seats.If there’s a shortage, that’s confirmation. Also, at Comair we always said training preceded growth. If furloughs canceled and hiring resumes..... that’s mgmt signal of increased flying and growth.

Excargodog 06-05-2020 04:16 PM


Originally Posted by comrcap (Post 3070772)
Agreed! Sold everything today! This is a pause area. Don’t know how long, but it’s a show me time. It’s probably going to consolidate for a while before next leg up. We just burned the shorts. Now we need new buyers based on info. Increased schedule in July is already baked in the price. Check the rev loads going forward on the employee travel site.

Ah, insider trading....
That worked SO WELL for Martha Stewart. :eek:


15 U.S. Code § 78u–1.Civil penalties for insider trading

(a)Authority to impose civil penalties
(1)Judicial actions by Commission authorizedWhenever it shall appear to the Commission that any person has violated any provision of this chapter or the rules or regulations thereunder by purchasing or selling a security or security-based swap agreement while in possession of material, nonpublic information in, or has violated any such provision by communicating such information in connection with, a transaction on or through the facilities of a national securitiesexchange or from or through a broker or dealer, and which is not part of a public offering by an issuer of securities other than standardized options or security futures products,...

Qotsaautopilot 06-05-2020 09:15 PM

Sold it all today. One hell of a ride from the 50s to 7. Luckily bought enough around 10 to bring my basis down in the low 20s. Broke even with today. Didn’t want to roll my dice and hold over the weekend. If it goes back down I may get back in but I don’t feel like what we saw the last couple days had much justification. Positive signs but we are still losing money. Maybe after the blood hits the wall on Q2 numbers I’ll jump in again.

comrcap 06-06-2020 04:51 AM

Bad earnings are already priced in. My guess is the cash burn is decreasing with increased ridership. That actually will propel the stock up. “Less bad,is good!”

ShyGuy 06-06-2020 02:23 PM

SAVE fell after 1st Q earnings because the loss was worse than expected. 2nd Q earnings and what SAVE stock does all depends on if it falls above or below expectations. Hoping it's better than expected! :D


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