1000 JetBlue @ 8.88
Plan is to hold unless it gets to $8.25 and I’ll buy 1000 more
If it cracks $7.75 might have to stop out
1000 JetBlue @ 8.88
Plan is to hold unless it gets to $8.25 and I’ll buy 1000 more
If it cracks $7.75 might have to stop out
all hail Hydra
Originally Posted by DanDruff:Since I'm a 6'2" Republican with an average-sized nose and a last name which doesn't end with "stein", "man", or "berg", I can hide among the goyim and remain undetected unless I open my mouth about money matters.
The ratings agencies are way behind on bonds. Wouldn’t you agree Daly? This is the dark and scary stuff.
How do you work out the threat that government involvement in the consumer discretionary stuff like cruise won’t be dilutive to equity?
Like they are going to be commanded by the populist public to do so, no?
Came this close to shorting for a scalp today but no balls. It just feels wrong reaction .
Talk to me. I’ll play nice.
Still HODL EMINI NASDAQ 100 from close yesterday so obv I’m soft as a grape. I’m losing it.
I don’t pay any attention to rating agencies and neither do you. Total joke.
There is an order tonthhngs that an investor needs to worry about in this environment.
#1 Bankruptcy - can’t buy something if it’s going under. All of that fear (for the most part) went out the door between the Fed and the Bailout law.
2. Dilution - For better (for shareholders) or worse (for taxpayers) the Bailout is a giant loan facility at a decent rate. So airlines have literaly nothing to worry about anymore. With them it’s a low risk waiting game. All the airlines are ~ 50% off the high. Pick one and wait enough time and you got a double.
Cruise lines and Casinos have no shot at a bailout so you really need to do homework. These two industries (CCL and MGM are what I’m tracking the closest) are ~70% off the high. Balance sheets are uber important and cash is king. CCL had a B to start added 3 more from existing credit lines and then last night added 6 more in a deal with wall st banks (GS and JPM) where they agreed to sell them 1.3B of new shares at a market rates so roughly a 10% dilution in exchange they now hold almost 12 Billion in cash. They can go three years without a passenger and still make payroll. CCL isn’t going out of business and now have partnership with NY banks. You think this stock is going to get a bump in the next 1-2 years now that Wall St owns a piece? MGM, almost to its detriment, has so much cash and owns so much equity in its properties it doesn’t need to pimp itself out to Wall Street. It’s a similar waiting game to owning a airline stock.
Jet Blue, MGM and CCL. I’m 50% invested at the moment (little more weight to CCL & MGM) with the other 50% in dry powder in case I need to average down - which in some ways I hope i have too.
Need a sec Daly
Dollar sucks
Bonds suck
Rally into close.
Trade like a retard pro tip of the day
Filled out SBA small biz $10k grant app today.
Pulse - not in sex trade - push submit
3 day wait.
Free $
Even your auto dealership will qualify
Let us know if you actually get it.
Getting a SBA loan before was impossible.
It's like hitting the lottery.
I've heard of many businesses applying for extended credit with their bank which of course they deny.
No bank is going to lend money especially now.
Step I'm almost all cash because I'm an idiot.
But IMO don't keep grabbing shares that were down 75% then bumped 20% up. Unless of course you're looking to hold things for 5 yrs.
They are likely the most volatile stocks, so if we are going to drop you're going to get burned huge.
Don’t know a lot about elderado. Seems like at the end of the year they had 250M of cash and 600M of short term liabilities.....not a big deal if you got those slot machines going 24x7. Probably a bigger deal if you don’t.
Seems like MGM and LVS have a lot more free cash kicking around and have the same discount.
https://covid19relief.sba.gov
Is this the website you applied on?
Is the only thing they verify is a federal tax ID number (EIN)?
What if someone applied using a real EIN of a company that was never actually in business or an inactive business?
Last edited by TheXFactor; 03-31-2020 at 02:24 PM.
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