jetblue reports small profit, loss for year

[whymeworry?]

Why in the hell would anyone buy an airline stock? Now, why would an airline pilot buy an airline stock? Now, to take this even further, why would an airline pilot buy stock in his airline?

Airline stocks are consistantly a under-performers. With 8,000 other stocks to choose from in the U.S. market alone, the decision to buy an airline stock shows poor judgement in fiscal prudence. That said, we all work in an incredibly volitile industry. It's bad enough our main source if income depends on the viability of our career and our airline. Why then would one subject their portfolio to this risk? Talk about all your eggs in one basket.

The only airline stocks I have owned are the shares that have been granted to me in a IPO or spinoff. I like to see my money work for me so I try to find investments that make a little more sense than airlines.

 

[Bob_Sacamano]

Ever heard of Warren Buffett?

It's called "Value Investing". Why in God's name would you buy a stock AFTER it's already appreciated? Oh that right, if it's already gone up, there's no way it can go down. Try buying stocks in good companies after they're on sale.

BTW, your Enron example holds no water. Remember value investing stipulates you only buy stock in GOOD companies. I'd highly recommend you read The Intelligent Investor by Benjamin Graham. Another must-read is Security Analysis by Graham and David Dodd.

Bob

Why in God's name would you BUY a stock that is down. You should be shorting selling this dog

I guess you bought Enron also when it went from $80 to $40 and became a "fifty percent off sale, lets fill the dumptruck with more"

Enron later went from $40 to zero months later

 

[AutoBus]

jetblue makes small profit, expects loss 4th quarter and full year loss.



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Newspaper headlines

"Jetblue see's Red"

"Jetblue sings the blues"

any others...

 

[klhoard]

Newspaper headlines

"Jetblue see's Red"

"Jetblue sings the blues"

any others...

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"JetBlue goes ALPA". . .
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[Traderd]

It's called "Value Investing". Why in God's name would you buy a stock AFTER it's already appreciated? Oh that right, if it's already gone up, there's no way it can go down. Try buying stocks in good companies after they're on sale.

BTW, your Enron example holds no water. Remember value investing stipulates you only buy stock in GOOD companies. I'd highly recommend you read The Intelligent Investor by Benjamin Graham. Another must-read is Security Analysis by Graham and David Dodd.

Bob

On Friday I had the occasion to buy some stocks that had already appreciated. As I am not a good enough trader to know when these things have "alredy appreciated...depreciated", I have to rely on my own technical signals to tell me if there are more buyers or more sellers. I buy on strength and I sell on weakness. By the end of the day I had a total of 45,000 reasons not to follow your advice.

It was a very slow trading day for me, as I only executed these two trades. My money management rules restrict the amount of capital I can risk once daily/weekly/monthly profit targets/loss limits are met. This month, the oil sector (talk about selling on weakness!!!) has pretty much been letting traders print money so I am well over any profit target and as such severely limit my exposures on subsequent trading days in that month (arbitrary but what the hell, I'm the boss).

But here is the run down of those two trades:

BOT: I went long 2500 shares at $98.90 (0957 - single fill) AFTER the stock had "appreciated" from its open price of $96. I closed the position between 1403-1406(mutiple fills) @ an average of $112.15. Pretax, post commisson gain of approximately $33,000 on about $250K.

CME: I went long 1000 shares at $337.01 (1018-1021 - multiple fills) AFTER the stock had "appreciated" from its low price of $333.10. I closed the position between 1327-1330(mutiple fills) @ an average of $345.26. Pretax, post commisson gain of approximately $12,000 on about $340K.

In both cases I missed the top of their daily appreciation, so there are opportunity losses in these trades. As an aside, I would have expected at least five trades to hit these levels but for whatever reasons the MM and Specialist were kind that day and my stops weren't hit. I normally have a laundry list of losses to offset about 30% of those gains.

Anyway, there are those of us out there who march to the beat of a different drummer as it were. Many people in my circles are rabid short term traders (literally a thousand trades a day) and some are short selling fanatics (wouldn't enter a long position even if it would make them money). As for me, I go with what works for me. I don't have an attention span sufficient to hold a position overnight, much less a year so I pay the penalty in taxes. I don't care if a position moves up or down, I just want it to move.

And I believe you have no idea of the "value" in your investment until the position is closed.

 

[satpak77]

It's called "Value Investing". Why in God's name would you buy a stock AFTER it's already appreciated? Oh that right, if it's already gone up, there's no way it can go down. Try buying stocks in good companies after they're on sale.

BTW, your Enron example holds no water. Remember value investing stipulates you only buy stock in GOOD companies. I'd highly recommend you read The Intelligent Investor by Benjamin Graham. Another must-read is Security Analysis by Graham and David Dodd.

Bob

Enron was #7 on the SP 500 while its stock was going down. Various analysts and "experts" claimed Enron was a "good company" to invest in, even as the stock tanked.

The price is always right.