Earnings call
#41
Gets Weekends Off
Joined APC: Jan 2016
Posts: 529
I think there has to be a seller on the other end... hence the variability in price during execution.
#42
#43
#44
Gets Weekends Off
Joined APC: Dec 2005
Posts: 8,898
It was a market order execution for a buy order. Buy, market, 1150 shares. It fills ASAP at the current market rate. The breakdown just depends on how the order was filled. For big orders very rarely does it execute as one price for all 1150 shares.
I'm not looking at a loss on a day-to-day basis. You'd stroke yourself out. Airlines and cruises are tough, so for these I go short hold not a long one. I bought at 9.45 (rounded), if this thing hits 10.45 I could sell and make $1150. That's how on Carnival I bought at 8.99 and then put a sell limit order at 11.99 and it executed. 3 grand profit (minus ordinary income tax on gain - but whatever, I'm not holding long run on a consumer entertainment during Covid).
It's worked for me fairly well. The one BIG one that bit me in the ass was my gamble on Embraer. I bought it at 6.46 on the assumption the European Commission would approve it in July. Boeing bailed and the stock crashed. I panick sold at 5. Had I held it though, 2 days later it returned to a high of 6.50 and I could have sold and made a couple dollars instead of losing $$$$.
All that said, Spirit *might* be the one exception I make and hold long. I really think after Delta and Southwest CEOs admitting today that business travel ain't coming back anytime soon, and Delta parking widebodies, Spirit is going to be the one that comes out ahead. I'm not saying it's going back to $60 anytime soon but even going back to $15+ would be a nice profit. I doubt NK would declare bankruptcy and even if they do, losing ~10.7k is still a drop in the bucket for the potential upside.
Sheesh. I have more faith in ya'll than you do?
I'm not looking at a loss on a day-to-day basis. You'd stroke yourself out. Airlines and cruises are tough, so for these I go short hold not a long one. I bought at 9.45 (rounded), if this thing hits 10.45 I could sell and make $1150. That's how on Carnival I bought at 8.99 and then put a sell limit order at 11.99 and it executed. 3 grand profit (minus ordinary income tax on gain - but whatever, I'm not holding long run on a consumer entertainment during Covid).
It's worked for me fairly well. The one BIG one that bit me in the ass was my gamble on Embraer. I bought it at 6.46 on the assumption the European Commission would approve it in July. Boeing bailed and the stock crashed. I panick sold at 5. Had I held it though, 2 days later it returned to a high of 6.50 and I could have sold and made a couple dollars instead of losing $$$$.
All that said, Spirit *might* be the one exception I make and hold long. I really think after Delta and Southwest CEOs admitting today that business travel ain't coming back anytime soon, and Delta parking widebodies, Spirit is going to be the one that comes out ahead. I'm not saying it's going back to $60 anytime soon but even going back to $15+ would be a nice profit. I doubt NK would declare bankruptcy and even if they do, losing ~10.7k is still a drop in the bucket for the potential upside.
Sheesh. I have more faith in ya'll than you do?
#45
Gets Weekends Off
Joined APC: Dec 2008
Position: A320 CA
Posts: 549
#46
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Joined APC: Mar 2020
Posts: 192
#48
Gets Weekends Off
Joined APC: Jan 2017
Posts: 531
#49
Gets Weekends Off
Joined APC: Dec 2008
Position: A320 CA
Posts: 549
#50
Gets Weekends Off
Thread Starter
Joined APC: Oct 2010
Posts: 4,603
wash hands and wear a mask when appropriate and let’s get on with it. The big businesses like Disney need to open full throttle and just require masks and make people sanitize anytime they enter a line or restaurant. No sanitize and no mask and GTFO of the line. We cannot distance until we all are vaccinated.
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