NYSE:DAL The authorities (Treasury, Government, Congress, Fed, etc.) are stepping in to help airlines, etc. With low fuel prices (i.e. jet fuel prices) remaining low, I am still bullish on DAL
Nope, let's not disconnect from the financials here. There's still quite a lot of dust in the air and market participants are confused with what is going on and whether its over or just the beginning of something much longer and deeper in global economy. The airlines are not trade at their fair value right now. The fair value is much lower, I would say, for DAL is somewhere between 8$ to 12$, I have some orders spreaded starting around 14.9, 11.5 and lower.. If you want we can dig deeper on why.. But I would restrain my optimism with the markets right now. Markets are on drugs (fed) and not acting reasonably so expect anything, but have a broader, deeper view of the actual effects on the global economy.
targetismoving
⋅
Also, there must be a good reason for DAL to delay more and more their Q1 report, you need to figure out a creative way how to portray this deep shit so it won't be runned into junk levels.
targetismoving
⋅
And the fuel prices have not much of importance when your planes are not flying and you're not buying that fuel. I can see oil being stuck anywhere between 10$ to 20$ for quite a while.
investinfamily
⋅
@targetismoving, I totally agree. I'll keep you updated if my techbical analysis changes, but so far, so right. Thank you for your input. Irrational exuberance?
targetismoving
⋅
@investinfamily, perhaps.. Bare in mind, this is a unique and very unfamiliar type of crisis were in, non-human made. The effects on the global economy are unprecedented and still are not fully measurable and understood until the virus craze is fully behind us (=vaccine). The "token" is still falling - we are still not having enough data to price the markets correctly with everything that is happening on the planet right now. Some very fundamental perceptions, vantage points in our global economy will be changed forever. So yes, I would refrain being so optimistic right now. SPX@3000 would represent only about 8% drop from the beginning of the year. 8% as if its just a little scratch, no massive historical bailouts, historical unemploymets rates in 10X ad 20X folds, while were still fighting with the virus. Sounds ridiculous when you think about it doesn't it?