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Is Jim Rogers still long Airlines?
- Thread starter The Kin
- Start date
Monday June 23, 2008Quote from OldTrader:
Rogers is long airline BONDS, not airline stock. Maybe you guys will get this straight this time around.
OldTrader
http://biz.thestar.com.my/news/story.asp?file=/2008/6/23/business/21600411&sec=business
Jim Rogers seems to believe that point has been reached in certain airline stocks. He told Bloomberg TV recently that he's just bought airline stocks, saying, â24 airlines went bankrupt this year. How much more pessimistic do you want to get?â
Quote from makloda:
Monday June 23, 2008
http://biz.thestar.com.my/news/story.asp?file=/2008/6/23/business/21600411&sec=business
OK, let's hope these guys have it right. Because for the last year I have seen quotes on ET regarding Rogers and "airlines", referring to stocks rather than bonds. The initial recommendation was bonds. I note this link didn't quote anything by Rogers saying he was in "airline stocks". Rather, THEY say he is in airline stocks. You could be saying these sorts of things about airlines and buying bonds as well. This news source could be making the same error that the many ET posters have made.
I make the distinction because Rogers doesn't only buy stocks. I recall the time that Rogers was bullish on sugar. But he didn't buy sugar. He bought seats on the New York Coffee and Sugar Exchange.
Anyone with any direct quote that Rogers is buying airline STOCKS?
OldTrader
The golden rule of investing: Never buy what you don't understand and never buy airlines. High capital requirements and low margins make for bi-annual trips to bankruptcy court.
Quote from OldTrader:
OK, let's hope these guys have it right. Because for the last year I have seen quotes on ET regarding Rogers and "airlines", referring to stocks rather than bonds. The initial recommendation was bonds. I note this link didn't quote anything by Rogers saying he was in "airline stocks". Rather, THEY say he is in airline stocks. You could be saying these sorts of things about airlines and buying bonds as well. This news source could be making the same error that the many ET posters have made.
I make the distinction because Rogers doesn't only buy stocks. I recall the time that Rogers was bullish on sugar. But he didn't buy sugar. He bought seats on the New York Coffee and Sugar Exchange.
Anyone with any direct quote that Rogers is buying airline STOCKS?
OldTrader
He stated on Bloomberg this morning that he is buying airline stocks but NOT US airlnes . . . wonder why? hehe
June 6Quote from OldTrader:
Anyone with any direct quote that Rogers is buying airline STOCKS?
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aaT7JtFR5zZk
LIU: Okay. Okay, well, given that scenario, Jim, as an investor, where are you going to put your money right now?
ROGERS: I own commodities, I have been buying agriculture, I bought airlines today. I bought a lot of airlines around the world today, both stocks and bonds.
Quote from makloda:
June 6
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aaT7JtFR5zZk
LIU: Okay. Okay, well, given that scenario, Jim, as an investor, where are you going to put your money right now?
ROGERS: I own commodities, I have been buying agriculture, I bought airlines today. I bought a lot of airlines around the world today, both stocks and bonds.
Ok, thanks for the link. Very complete. I stand corrected on the airline stock thing.
OldTrader