both you guys are right: vaccine will be no sooner than spring time. This might have been priced in already. And like Warren says: buy when the streets are bleeding.
However, in this dead-cat-bounce situation that I believe to be in, I don´t feel the bleeding yet. I like your "fract" analysis but I will wait ....
t3ader
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Airlines tight directly to the COVID pandemic. No cure - forget about recovery.
fract
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@t3ader, Virologists and other scientists are welcomed in comment section. Sir, what makes you think that there will be no cure as a vaccine even in the future?
t3ader
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@fract, I am talking about our current situation and till it is coming, booking will be in their lowest.
fract
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@t3ader, exactly! As the current fundamentals generally push the price down, it's better to accumulate the financial asset while it's cheap strategically. I'm sure this will fly higher.
Let it complete the triangular formation and break out of it first. Time will show.
t3ader
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@fract, Hope you are correct. There is so much uncertainty. When? How? Will it work?
fract
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@t3ader, literally today I fixed the profit.
Read the description once more.
@fract, Regarding the vaccine, for it to be effective, you've got to get at least 60-70% of the people vaccinated for it to be effective, assuming the vaccine is 70-80% effective. If the vaccine effective rate is lower, you need to vaccinate 80-90% of the population. or 60-70% of the population 2x times. that means 6 BILLION people needing 2 vaccinations. Think of the logistics involved. Add to that the anti-vaccine movement. This could continue on for 2 more years even if a vaccine is approved by years end.
However, in this dead-cat-bounce situation that I believe to be in, I don´t feel the bleeding yet. I like your "fract" analysis but I will wait ....