American Airlines stock down 50%

[JIBBBY]

American Airlines stock was trading around 30 dollars a share right before the Corona virus news broke.. Today it's hovering around 15 dollars a share. Dropped 50%!!!

It dropped in half and it's probably a great time to buy some shares!! I think it's a great investment. You just know when this Corona Virus crap starts to go away people will start flying again and that American Airlines stock is gonna rebound hard.

[cincinnatikid513]

i ll wait til its 1 dollar a share

[jjgold]

It’s amazing

[capitalist pig]

The airlines, cruise industry, and related travel industries are already talking about a government bailout. I’m a huge Trump guy but if he goes along with bailing them out I will seriously consider not voting this November. His financial guy Larry Kudlow was just on cnbc talking about possible short term bailouts, jmo

[pologq]

Great buying opportunity. Question is how low does it go so you maximize your return. American will definitely go back up as long as you can wait it out.

I would not be happy with a bailout either.

[cincinnatikid513]

def obama's fault

[RudyRuetigger]

its a joke some can capitalize on some kind of disaster

[eaglesfan371]

At some point, selling long term covered puts will be a very profitable move. Volatility is sky high and options will become overpriced.

However, with this pandemic, you really can’t say with any certainty “oh this is the bottom”. All you can say is it’s oversold and could bounce a little when outside of its bollinger bands, but it still continues downward.

[ace7550]

The airlines, cruise industry, and related travel industries are already talking about a government bailout. I’m a huge Trump guy but if he goes along with bailing them out I will seriously consider not voting this November. His financial guy Larry Kudlow was just on cnbc talking about possible short term bailouts, jmo

Bailouts are horseshit. I don't care how big your company is. Whether you are American Airlines or JP Morgan or Joe's snack shack you should be treated the same.

[RudyRuetigger]

Bailouts are horseshit. I don't care how big your company is. Whether you are American Airlines or JP Morgan or Joe's snack shack you should be treated the same.

hey bro, what about golf courses

city, college, state owned


give me a fukkin break

what a shit show i have to compete with

[JIBBBY]

its a joke some can capitalize on some kind of disaster

I made most of my wealth after disasters happen and I did it legally and honestly.

For example - Commercial properties burnt down after the Rodney King riots in West LA back in the 90's.. Properties caught fire and were partially destroyed and went back to the banks in foreclosure and were then sold for pennies on the dollar.. I happen to take full advantage of that and buy which is my retirement nest egg today.. I did that through a legal real estate broker and a willing bank that worked with me..

Does that make me a bad guy Rudy?

Now if a strong company and stock like AMERICAN AIRLINES drops 50% and investors panic and sell off because of a stupid virus scare why not buy when it's low now? I see nothing morally wrong with doing that. If it's for sale and can be bought legal cheap then buy, if you don't someone else will.

Many made boat loads of money here is So Cal after the Northridge Earthquake when the buildings got red tagged.. Banks owned those as the owners got foreclosed on or walked away. They became BANK REO's and those Banks sold them off quickly for pennies on the dollar as is and vacant..

You can absolutely become rich off disasters!!! I hate that these disasters happen and they are unfortunate though ..

[cincinnatikid513]

jibbs when u coming to florida, we love old people and no state taxs

[JIBBBY]

jibbs when u coming to florida, we love old people and no state taxs

Probably not this summer but the next. Coronavirus kinda messing things up. Everything on hold for now. Just starting to work out the 1031 tax exchange deal with tax experts now. Not easy and simple.

I'm very excited to be moving to Florida though.. LA, California Real Estate money goes a long way in upper Florida .. Little worried about the Hurricanes, must buy a strong stout home!!



Oh and Relax on calling me an old guy Cincy, I'm 52 today but can still hang with the young punks physically for now. I'm still good to go.

Check back in 10 years from now and I could be done though..

[thechaoz]

Bailouts are horseshit. I don't care how big your company is. Whether you are American Airlines or JP Morgan or Joe's snack shack you should be treated the same.

We bail out farmers with socialism to the tune of billions every year but no one wants talk about that.

Damn that health care for US citizens stuff.

[thechaoz]

At some point, selling long term covered puts will be a very profitable move. Volatility is sky high and options will become overpriced.

However, with this pandemic, you really can’t say with any certainty “oh this is the bottom”. All you can say is it’s oversold and could bounce a little when outside of its bollinger bands, but it still continues downward.

Total novice here (I let the really smart guys handle my portfolio mostly)

Losing half their stock value from an over blown flu is pretty extreme no?

Can you really see it going much lower? This is really shocking to me.

[JIBBBY]

CARNIVAL CRUISE stock went from $50 a share to now $25.. Again this is another SOLID stock and company that will rebound for sure when this Coronavirus crap calms down.. Carnival Cruise ships aren't going anywhere.. Top Cruise ship industry..

Save your pennies people, cash is king in down economies or in National disasters.. THAT'S HOW YOU GET RICH IN LIFE.. Invest when the timing is right. Gotta have some cash on hand to do that.

[byronbb]

vaccine probably a year and a half out. The bottom for these stocks might not be in yet.

[RudyRuetigger]

Save your pennies people, cash is king in down economies or in National disasters.. THAT'S HOW YOU GET RICH IN LIFE.. Invest when the timing is right. Gotta have some cash on hand to do that.

those -200 ML plays you hit as well

dont sell yourself short jibs

[JIBBBY]

vaccine probably a year and a half out. The bottom for these stocks might not be in yet.

Can't argue this logic!!!

If you want to wait a little longer and see if they drop more I fully understand.. Still at some point even if you buy now and wait 2 or 3 years you will probably double your money.. How does 35% return yearly on your investment sound to most investors?

These companies are rock solid they aren't folding.. American Airlines and Carnival Cruises..

You just know these stocks will rebound HARD once the Virus hype settles down and get right back to what they were. May take less then a year also. May not even need a vaccine either. Corona could just die out like most other cold virus's do in seasonal weather.

[Mike Huntertz]

I agree, except is this "virus hype"?
We are inched away from WHO making the Pandemic call.
After that settles then I'm in also.

[MinnesotaFats]

Guys lol

American Airlines is absolutely bankrupt

Their debt exceeds $20billion

The company is a non factor ch 11 in waiting, shareholders will lose everything.

[krk1030]

The airlines, cruise industry, and related travel industries are already talking about a government bailout. I’m a huge Trump guy but if he goes along with bailing them out I will seriously consider not voting this November. His financial guy Larry Kudlow was just on cnbc talking about possible short term bailouts, jmo

Cruise ships no way but airlines may need to get bailed out.

[JIBBBY]

Guys lol

American Airlines is absolutely bankrupt

Their debt exceeds $20billion

The company is a non factor ch 11 in waiting, shareholders will lose everything.

They've been in debt forever and still they are a top major Airliner that had a stock worth 30 a share before the virus news broke.. They aren't going anywhere.. United States of America is in debt and the Country isn't going anywhere either..
American Airlines is still profitable..https://finance.yahoo.com/quote/AAL/

[jtoler]

I’ll wait till it gets down to a dollar

[Plaza23]

United Airlines went from $50 to $3 in a 6 month period 2007-2008.

This will get far worse before it gets better. Don’t buy any travel stocks till travel restrictions are lifted.

[pologq]

not buying yet until i see people travelling again. i can see these going lower.

[SBR_Guest_Pro]

Time to buy!

[Booya711]

Same thing happened after 9/11

[johnnyvegas13]

This is what I'm gonna say next time my pocket aces get cracked

[JIBBBY]

Carnival Cruises probably the better buy, wait a little longer on it.. That stock dropped 50% and those ships aren't sinking anytime soon.. Grounded for now with the Virus but not sinking.. Was at $52 a share before the Corona news broke.. Now at $26..

https://www.fool.com/quote/nyse/carnival/ccl/

[SBR_Guest_Pro]

United Airlines went from $50 to $3 in a 6 month period 2007-2008.

This will get far worse before it gets better. Don’t buy any travel stocks till travel restrictions are lifted.

What travel restrictions? The ONE restriction to China? Cause that's what caused the decrease in stock

[Booya711]

What travel restrictions? The ONE restriction to China? Cause that's what caused the decrease in stock

American has stopped all flights to S. Korea, China, and Italy

[GUMMO77]

def obama's fault

Obviously

[Booya711]

Guys lol

American Airlines is absolutely bankrupt

Their debt exceeds $20billion

The company is a non factor ch 11 in waiting, shareholders will lose everything.

won’t happen fatty....government won’t allow AA to go bankrupt just like after 9/11

[gojetsgomoxies]

what's AA's credit rating? i.e. how close to bankruptcy on prolonged slump?

it should partially benefit from lower oil prices.

i agree that these companies are likely to require direct government support at some point

idiots who are skeptical of CV are that way because arguably there aren't that many cases in canada, USA and many other big industrialized companies. but when you see serious speculation the olympics will be delayed/cancelled, it makes you realize we may not have any kind of "all clear" on this for a long time.

i would not buy AA right now. just not enough bounciness to this market i.e. not enough up movement within this horrible losing streak. i think everyone's on the sidelines as there is so little visibiliity on this and the governments can't make things much better with aggressive action.