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starcorral
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I began after college in retail DIY home Improvement (paint/tile/wallpaper/etc.) with Colortile - div. Tandy and moved on to retail electronic with CMC. In these positions I was in the top 5% of regional sales 30 out of 31 months. A customer recruited me into LM Berry and selling Yellow Page... More
  • OH NO - My Airline Stocks Crashed... 2 comments
    Jul 2, 2014 10:50 AM | about stocks: GE, F, AAL, DAL

    ...I guess I better get over to Sprouts - my favorite produce store for double coupon day. Cherries are $1.49; Celery, Yellow Squash, and Broccoli are .99/pound; these are unbeatable prices. Saving on groceries and also getting several other items during the trip (cyanoacrylate glue and small diameter drill bits) conserves fuel.

    The news about GE and F is not the best, but GE ( +.06@ 9:29 AM) and F (+.05 @ 9:30 AM) are slowly recovering brightening my day.

    The news about DAL and AAL is wonderful, however my second and third largest positions DAL and AAL are down about $1.80 each. I may be down dollarwise $6,000, but who cares?

    Ain't high stakes gambling weird? Funny how the value of opinion pales in the presence of fact - at least in my portfolio; I wasn't planning on cashing out today.

    I'd like to highly recommend rating your journey by things other than potholes and detours.

    Disclosure: The author is long GE, F, AAL, DAL.

    Additional disclosure: I want my fellow investors to put strategy ahead of everything else in their investments to avoid abandonning good plans when things get a bit dicey. Stocks climb and dive for many reasons other than their health.

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  • jamesingram32
    , contributor
    Comments (633) | Send Message
     
    you still in AAL? Are you worried about a fall to mid 20s ?
    I'm long feb calls and I'm down about 17k right now.

     

    I'm struggling to understand the reasoning behind these plunges and I can't find any coverage. perhaps the upcoming results may offer relief?
    1 Oct, 09:19 AM Reply Like
  • starcorral
    , contributor
    Comments (527) | Send Message
     
    Author’s reply » People seem not to consider the fact that institutional investing is more volatile than nitroglycerine in a rally car. For those with the most fiduciary responsibility this is Roulette.

     

    Where are those dollars going?. Speculation - led by the Alibaba IPO ate most of $200B as the priviledged characters got it cheap; they didn't print that money. Then there is all the speculation on M&A.

     

    When ISIL started dumping oil did anyone ask why fuel prices were so low at the pump? I am seeing healthy energy companies downtrending and people are wondering what is wrong. NOTHING. You havbe to get used to that. All my medical research stocks are sucking, but the likely payoff is to far out to park money in them.

     

    We'll come out of this adjustment and the institutional daytrading panic will ease up. Factors? F150 - Ebola - Mustang - energy security in easternj Europe and Ukraine when the big freeze hits - Turkey deciding be more proactive toward ISIL.

     

    What I have chosen is to ride the bull. Bull riders can make a decent living, but they take some lumps. For me - not nearly as dangerous as riding a bear.

     

    I have been reminded that last Fall 2014 I did not expect much of the August to November for Ford since the changeover would shut down trucks. I thought airlines would continue on the low end of their highest range.
    2 Oct, 09:29 PM Reply Like
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