Earnings call
06-05-2020, 11:34 AM
#253
Gets Weekends Off
Joined APC: Sep 2014
Position: Da Bus, Left
Posts: 1,510
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.
06-05-2020, 03:05 PM
#256
Gets Weekends Off
Joined APC: Jan 2011
Posts: 122
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.
06-05-2020, 04:16 PM
#257
Perennial Reserve
Joined APC: Jan 2018
Posts: 11,503
Originally Posted by comrcap
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.
That worked SO WELL for Martha Stewart.
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,...
06-05-2020, 09:15 PM
#258
Gets Weekends Off
Thread Starter
Joined APC: Oct 2010
Posts: 4,603
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.
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