It’s coming this time, the breakout, and it’s going to rip up up up! Stay long.
AttorneyKLW
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@ktaba, What your thoughts on BA? You think this is heading much lower?
ktaba
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@AttorneyKLW, just look at the movement in industrials, financials, materials and energy. These are all ripping up and will continue to do so. BA will rip up faster as the based on it being an industrial and a reopening play. I can’t tell you where it’s going in the next week or so, and neither can anyone else, but if you hold this for a few months I se this going to $275 easily. Good luck!
AttorneyKLW
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@ktaba, I really appreciate the insight. Cheers my friend.
ktaba
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@AttorneyKLW, of course. We are all in this together. Good luck!
AttorneyKLW
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@ktaba, How are you holding up after today? I cashed out huge on BA $225 puts this week. I only bought them as a hedge, which turned out to be hugely profitable. That said, I'm really hoping BA bounces back quickly.
ktaba
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@AttorneyKLW, I am doing okay. Thanks for asking. BA, energy, industrials, financials will all come back as we finish this market wide correction. You may have noticed cruise lines, air lines etc are actually holding up relatively well. No one is safe from a correction. If you’re patient and have a longer time horizon than a couple months you will be hugely rewarded investing on companies that do better as the economy gets better, coming out of the pandemic. I generally don’t short as markets go up 70% of the time and you’d be just swimming upstream your whole life (minus times like this in a correction). The S&P isolator is at -6, which means it’s super over sold. You’ll get a quick bounce and then more pain for a few weeks. Just pick your spot to go long or short. Longer term the future is bright for this sector. Have a great weekend!
AttorneyKLW
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@ktaba, I really needed to hear this. Your optimism is refreshing. Thank you, and have a great weekend!