I happened to be talking to a cat that trades on RobinHood yesterday, he said him and his brother are buying airline stocks.
A girl I know, school-teacher, her "advisor" whatever that is lol, put her into American Airlines yesterday.
What's it all mean....? It means short these f'rs some more.
DAL is at $23 pre-market.
Short it.
"DAL has always been around $53" he says.
I just rolled my eyes and went on a 5 minute diatribe on how I didn't think that was such a good idea that was met with enthusiastic nodding, but I'm sure ultimately fell on deaf ears.
About 16% of DAL's float traded hands yesterday. Ordinarily I'd say wait for a short term spike to punish the shorts, but I suspect we've already seen that yesterday to some extent.
I'm just patiently waiting... let more longs load up.
Tsla says it all about the thirst to buy stocks . Musk says it was overvalued Friday drops to $680.Almost hit $800 this am . Nobody's learned a thing . Fear lasted a few weeks .