What Did You Buy Today?

[fenders53]

(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.