(04-08-2020, 02:41 PM)stockguru Wrote: Decided after all that to take a position in BA. I have missed this stock over the years only to see it triple. These levels here are low enough where I can wait it out. Its so heavily shorted that any positive news and this could go up $40 in a day. if it goes lower I will just add more.Doesn't sound like a bad long-term plan to me. You were patient. Others were piling in over $100 ago believing it couldn't get worse. I think you have a long wait for a dividend but it will run higher eventually. It will be a premiere US company again. I suspect you can buy, hold or short this shock and make money for awhile. I'll be surprised if it doesn't remain volatile so you should have some chances to add a little lower if you decide to. Keep an eye on DAL and LUV. They have to get well for BA to get well. AAL already upgraded their fleet so I don't think they matter much to BA for a long-time. The defense contracts are good. They just have to stop messing everything up, and I believe they will.
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