Rioting has calmed down so back to your normal Covid programming until hey can sensationalize something else.

I miss the good old WALL debates. Things were so much simpler then

It's not difficult to do the math and compare revenue with a 100% schedule at 85% load with normal fares vs a 80% schedule with 50% loads at 50% discounted fares. SAVE was way overbought. The good news is it's about to be way oversold again for the gamblers. I didn't have the guts to buy puts last week. Think Im dabbling in energy pennies next.
.

Legged in again at 17 and at the close around 16. Allegiant sent a memo to employees that furloughs are off the table! Apparently the mgmt thinks they need people going forward!? Hmmm. I would think that they see something in the reservation system that gives them pause! Pretty sure it is the same for you guys!

Mgmt has firmly said they don’t know and everything is an option now. Loads will tell all in July....if they’re decent everyone will be okay. If there are still sub 50% load factors then I don’t see how they keep everyone.

Lots of ex Comair types at Spirit! Good luck to everyone!

Amazing how many people confuse Spirit Airlines (SAVE) for Spirit AeroSystems (SPR). Still, SPR came to being in 2005, not 1927.

LOL :D

This was for a SAVE article under comments:


https://i.postimg.cc/vm7zyRvZ/save.png

Now that, is priceless... 🤣🤣🤣🤣🤣

Now that just made me lol! Thanks for the find!

I had fun showing pictures I took on a bike ride during a SEA overnight of 737 Max fuselages on railcars that said "Spirit."
No one bought it, but it was still funny to me.

“Up” $18,400

Gonna hang onto this one. I still think Spirit will be the first airline to recover and the stock will go back above $50 in the next 2-3 years. Hopefully next year with a vaccine out, airline stocks go even higher :)

SMH lol. You should of sold and re bought many times since then. Im going to jump back in once it contracts a bit. This pandemic has been a gold rush lol. I can name lots of companies that have increased over %100. I transitioned from save to tech, solar, ev, and up over%1000. Holding save should beat the market over next few years and thats all you need to do in the grand scheme of things. Good luck in the market

nice work! I’m honestly happy for you there

I would have at least taken my original investment amount off the table so you’re playing with the house’s money. But we each have our own trading strategies... Well done!

I’m up almost the exact amount . Bought at $9.95. Just remember if you hold less than a year it’s taxed
as normal income .. after a year it’s at the capital gains rate (assuming it’s not in a tax deferred account).. but I’ll be keeping it for a long while longer.. it’s a good stock to hold IMHO

Each trader has their own strategy.... I’m regretting not looking into X.... Holy fook!!!! What a move in the last 3 months and I had no money on the line....

Just about anything that didn't go BK pretty much went up. The travel risky stocks certainly did: airlines and cruises.

I got 10% of my salary all in to the employee stock purchase plan. Twice a year Oct 31 price and April 30, it looks at the lower of the two and then uses that to buy at a 15% discount. Today ALK is at $51. Oct 31 it was 37.xx which assuming it stays this way, it would buy at 15% discount of 37.xx for a purchase price of 32.xx And then you could sell right away at whatever price ALK is at. Assuming by April 30 vaccines are out, people are more comfortable with travel, airline stocks continue to recover. I could see ALK go back above 60 next year. That would be doubling the money through the ESPP!

If your using 401k money there is no tax so you can trade away. Thank you PCRA

No tax? Are you funding a Roth 401k? Because otherwise the Gov’ment gonna get their money when you eventually sell those holdings and take disbursements.

Within the 401k you can open a PCRA . Personal choice retirement account. Your contributions and spirits contributions can be steered into this account.
so instead of being limited to the 20+ choices the 401k allows you to chose from, within the PCRA you can buy whatever you want . Individual stocks, mutual funds, ETFs,
etc. and since it’s within the 401k it’s tax deferred. You can trade as much as you want.. buy and sell as often as you want. It’s tax deferred until you withdrawal it in retirement. I personally steer 35% of contributions into the PCRA, where I purchase stocks and mutual funds of my choosing .. call Schwab to set it up

Yes, I know what a PCRA is, I utilize it myself. But he said he doesn't have to pay taxes on his Spirit stock because its in a PCRA. I was asking if he was utilizing a Roth and contributing to the PCRA with post tax money. Because the point is, there is no such thing as "I don't have to pay taxes..." You will pay when you sell and take disbursements

This is an another awesome thread derail! Also, Miatas are NOT sports cars.....

Calm down, the earnings call was a month ago, you can handle the drift, I’m sure of it.

Thanks for the tip.

But....but.... but... Miatas aren’t sports cars!!l! I’m pretty sure Ted said so on the call....

Ok. "You will pay when you sell and take disbursement." Lets break that down lol. You dont pay when you sell because im closed out of all positions and just sitting on the cash. I will pay taxes when i retire in 20yrs and do the standard 401k withdrawal. So i dont pay taxes when i sell but do when i take disbursement. A person doesnt have to worry about capital gain taxes on how long you hold it in a 401k

See, now you make sense. Nice job champ!

Dude what’s wrong with you? Your shtick is worn out.