Now, you can own AAL for 60% discount !
מעודכן
Since the peak almost 3 years back, the price of AAL has been nothing but down ,down , down.
So, if you have the patience to hold for years, you can make such good returns shorting as well.
Now, are we going to witness a breakout soon or will it heads lower ? It is safe to err on the side of caution since the Covid-19 virus has not subside , in fact the flame seems to be getting stronger by the day.
AAL is just one of the travel stocks that got hit though their exposure to Asia travel routes may not be as high compared to Cathay Pacific
This will be one sector that I will be researching more indepth months down the road when the virus is eliminated or a cure is found. Or at least things are much in control and people are feeling safe to travel once more. Imagine global conferences being cancelled , meetings and events business badly affected, so are the hotels, taxi business, F&B, the whole chain that are related. Note that not all events or meetings can be done online, the need for face to face meetings still very much exist in this 21st century.
Imagine the CEOs and executives not able to claim for their 5 stars accommodation and 1st class seat flight along with 3 star Michelin F&B restaurant, what will the world become ? HAHA
So, if you have the patience to hold for years, you can make such good returns shorting as well.
Now, are we going to witness a breakout soon or will it heads lower ? It is safe to err on the side of caution since the Covid-19 virus has not subside , in fact the flame seems to be getting stronger by the day.
AAL is just one of the travel stocks that got hit though their exposure to Asia travel routes may not be as high compared to Cathay Pacific
This will be one sector that I will be researching more indepth months down the road when the virus is eliminated or a cure is found. Or at least things are much in control and people are feeling safe to travel once more. Imagine global conferences being cancelled , meetings and events business badly affected, so are the hotels, taxi business, F&B, the whole chain that are related. Note that not all events or meetings can be done online, the need for face to face meetings still very much exist in this 21st century.
Imagine the CEOs and executives not able to claim for their 5 stars accommodation and 1st class seat flight along with 3 star Michelin F&B restaurant, what will the world become ? HAHA
הערה
wow, a long bearish candle break down from the support line at 24.68.הערה
falling down hard. be careful nowהערה
On Tuesday morning, Trump said cruise and airline industries would be getting aid, but did not elaborate. “They’re two great industries, and we’ll be helping them through this patch,” Trump said at a White House event. (reuters)Ah, if you go to the smaller time frame, you would see a nice bullish engulfing candle closed this morning. This could be what the ailing airlines and tourism related sectors need the most now from him. Thank you , Mr President.
הערה
How naive of me to think things will turn around.It went the opposite way. The airlines suffered 20% plunge yesterday and along with other relate tourism stocks.הערה
Sorry folks. If you think of buying aviation stocks, think again.....הערה
another 12% drop last night........congrats to those who shorted this stockהערה
red red red
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