$ Playing the long game on Delta - Too big to fail

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mindlessobserver

mindlessobserver

True & Honest Fan
kiwifarms.net
Joined
Jul 18, 2017
Thinking of shoving a good chunk of my free assets towards Delta Airlines and then sit on it for a year here in the next two weeks. Trump just said they plan to not let the US carriers fail and of them all Delta holds the most routes and hard property assets. Thinking this may be a solid bet to put money on for the long game buys.
 
Not sure that's a good idea, but make sure to livestream your "guh" moment.
 
Dutch Courage said:
Insolvency does not concern you? Just remember that bankruptcy cancels the stock... It's not like Delta hasn't filed before...
Click to expand...

It does which is why I am watching it. The annoying thing about Delta is that prior to this they were flying high (pun intended). Their prior bankruptcy also came before they ate literally all of the short haul domestic carriers. They are going to hurt in the coming month but if they survive towards the end of April I am thinking this is one to watch for the bounce back.

American Airlines and United are doomed though. So doomed.
 
I'm too chicken shit to try investing a lot of money since I really have no clue wtf I'm doing, but back around the time you started this thread, I did something similar. I was waiting for airline stocks to bottom out, but ended up buying just before. 2 shares of American Airlines, 1 share of Southwest and 1 of United. Since then, they are all up. Total returns in order: +9.85%, +33.8%, and +18.61%.

It's not much in cash, but I'm no where near going to sell soon anyway. I'm holding on until Covid shit is done and done and the travel industry gets back to where it was.

Feb of 2020, all these stocks were still double what they are now. Once they get back to that state, I'll decide if I want to sell. Still won't be much actuall $ profit for me, but I'll just be happy to have not lost out.... unlike one other stock I fucked up with and bought when it was bubbling high. No way I'll ever profit off it no matter how long I wait. I'm currently -27.58% on it with 2 shares. Shit, counting the airlines when I do sell, I might end up breaking even over all thanks to that fuck up.
 
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