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31 minutes ago, BassNBrew said:

 

 

 

This could have been entertaining.

It was.

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BRK had gotten over 10% stakes in both companies, they just trimmed millions of shares.

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Ok, thought experiment that may become real. By the end of April, I’m expecting a significant drop in the markets so I’m selling to raise some cash. Instead of holding cash, why not buy some puts? They might be expensive but I want to “diversify” that way. The easy way is to buy a SPY put. But what about swinging for the fences? What company is going out of business? Simon malls? Cinemas? Pick your favorite dog—what do you got?

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3 minutes ago, kevzilla said:

BRK had gotten over 10% stakes in both companies, they just trimmed millions of shares.

Now that they are under 10%, they are free to sell what they want and not disclose it for a chunk of time. This tells me that they are going to bail on airlines.

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13 minutes ago, pecorino said:

Now that they are under 10%, they are free to sell what they want and not disclose it for a chunk of time. This tells me that they are going to bail on airlines.

Conversely, could be setting up either a preferred deal or buying big in another airline. 

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6 minutes ago, Capella said:

Why’d the airlines get killed after hours?

I bought today and the market is closed tomorrow.  I posted a warning earlier today.

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7 minutes ago, Capella said:

Why’d the airlines get killed after hours?

Buffett disclosed that he sold millions of shares

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7 minutes ago, Capella said:

Why’d the airlines get killed after hours?

Think it’s a combination of Buffett filings and Delta CEO saying they’re burning $60 million per day. Probably more the former. 
 

BREAKING: Delta Air Lines says it expects Q2 revenue to be down 90% and the company is burning through $60 million in cash every day.

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Just now, sporthenry said:

Think it’s a combination of Buffett filings and Delta CEO saying they’re burning $60 million per day. Probably more the former. 
 

BREAKING: Delta Air Lines says it expects Q2 revenue to be down 90% and the company is burning through $60 million in cash every day.

That seems bad.

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Just now, sporthenry said:

Think it’s a combination of Buffett filings and Delta CEO saying they’re burning $60 million per day. Probably more the former. 
 

BREAKING: Delta Air Lines says it expects Q2 revenue to be down 90% and the company is burning through $60 million in cash every day.

Holy crap :shock:

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2 minutes ago, pecorino said:

Buffett disclosed that he sold millions of shares

Ahhh

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2 minutes ago, sporthenry said:

Think it’s a combination of Buffett filings and Delta CEO saying they’re burning $60 million per day. Probably more the former. 
 

BREAKING: Delta Air Lines says it expects Q2 revenue to be down 90% and the company is burning through $60 million in cash every day.

Sweet Jesus 

 

 

 

 

Guess I’m buying more Monday 

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Just now, Capella said:

Sweet Jesus 

 

 

 

 

Guess I’m buying more Monday 

Ditto...We aren't going back to horses and trains and no one is going to buy a fleet of planes out of no where.

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The terrible numbers can't be a surprise, I have to think it has more to do with Buffett- people were probably holding out hope that he would save them, which he still may but right now it looks less likely.

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1 minute ago, humpback said:

The terrible numbers can't be a surprise, I have to think it has more to do with Buffett- people were probably holding out hope that he would save them, which he still may but right now it looks less likely.

Could he be driving down the price to buy them out?

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1 hour ago, ghostguy123 said:

Airlines all getting killed even more after hours.  Wow.  

Might also have something to do with the Department of Transportation telling airlines they must give refunds and not vouchers. Do these airlines have the cash to give back to the customers? That is a lot of cash to have on hand and I doubt they have it.

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3 hours ago, JerseyToughGuys said:

Belated April Fools?

Just the normal, every day fool

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48 minutes ago, pecorino said:

Ok, thought experiment that may become real. By the end of April, I’m expecting a significant drop in the markets so I’m selling to raise some cash. Instead of holding cash, why not buy some puts? They might be expensive but I want to “diversify” that way. The easy way is to buy a SPY put. But what about swinging for the fences? What company is going out of business? Simon malls? Cinemas? Pick your favorite dog—what do you got?

The IV for a lot of those beaten down stocks are gonna be crazy. I’m short some consumer discretionary. Pulled the trigger a bit too quickly before the last bounce but things are coming back down. 
 

AMC bonds are already in the 40s and hired advisors so it’s tough. Do think casinos might have more room to fall. Also think ARMK is going to be hurting with no sports. But for your purposes, I’d probably short like small caps. 

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13 minutes ago, BassNBrew said:

Could he be driving down the price to buy them out?

Not his MO, don't recall him doing something like that in the past.

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53 minutes ago, pecorino said:

Ok, thought experiment that may become real. By the end of April, I’m expecting a significant drop in the markets so I’m selling to raise some cash. Instead of holding cash, why not buy some puts? They might be expensive but I want to “diversify” that way. The easy way is to buy a SPY put. But what about swinging for the fences? What company is going out of business? Simon malls? Cinemas? Pick your favorite dog—what do you got?

I don't think I'd bet on SPG going under

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10 minutes ago, humpback said:

Not his MO, don't recall him doing something like that in the past.

Well, he might just be convinced the airline stocks are going to go down a lot, and then he could buy back at a big discount.

He doesnt have to have any malicious intent behind it.

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15 minutes ago, humpback said:

Not his MO, don't recall him doing something like that in the past.

Thanks for sharing this.

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13 minutes ago, humpback said:

Not his MO, don't recall him doing something like that in the past.

He also tries to stay above the fray. Not like an Ackman to go on tv then cover his shorts. 
 

He could be either setting up an investment in another airline stock or maybe a large preferred in a bunch of them along with the government. Those would probably be the bullish plays if there were one. 

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Posted (edited)
33 minutes ago, ghostguy123 said:

Well, he might just be convinced the airline stocks are going to go down a lot, and then he could buy back at a big discount.

He doesnt have to have any malicious intent behind it.

Again, not his MO- he isn't much of a "trader", usually more of an accumulator.

29 minutes ago, sporthenry said:

He also tries to stay above the fray. Not like an Ackman to go on tv then cover his shorts. 
 

He could be either setting up an investment in another airline stock or maybe a large preferred in a bunch of them along with the government. Those would probably be the bullish plays if there were one. 

Berkshire already has ~$125 Billion in cash, he could buy every airline right now if he wanted to.

Time will tell what his plans are, but I don't think we can read much into these transactions other than taking some risk off the table for now.

Edited by humpback

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Meanwhile, Berkshire B shares look enticing. 

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Brk very high on my watch list.  This is exactly when he'll put all that cash to work. 

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9 hours ago, Bob Sacamano said:

There are still s-t capital gains. I'm viewing it as an offset in basis and "free" shares that I haven't sold yet from an investment standpoint, but the IRS does not share my view of the world from a tax standpoint.

To me: $4500 out, $4500 in. 500 shares still TBD

To them: $2.50 per share out. $3 per share in. $.50 per share * number of shares sold * my income tax rate. And we'll see you when you sell the other 500 shares, too.

I can’t do this with a stock like this, to me it’s too unpredictable, I’ll sell on an up day, and all of the sudden some press release runs it up 35% and I’m chasing it higher.

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2 hours ago, humpback said:

He buys when there is blood in the street, the fact that he’s selling airlines while the blood is flowing is mighty scary!

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1 hour ago, -OZ- said:

Meanwhile, Berkshire B shares look enticing. 

Along those lines, I'm hoping some PE guys go further down. Going to try and fine the one with the lowest exposure to direct lending and most dry capital. They've been waiting for a buying opportunity. They'll squeeze what they can out of existing investments, deploy capital via distressed and buyouts. 

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Delta sent me an email today.   I have an ecredit for $2300+ for a trip to Rome that was to depart in four days.  They extended the credit to May 31, 2002.  Which was 17 months for me.   Bleeding $60 mil a day and holding my cash.....

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59 minutes ago, Getzlaf15 said:

Delta sent me an email today.   I have an ecredit for $2300+ for a trip to Rome that was to depart in four days.  They extended the credit to May 31, 2002.  Which was 17 months for me.   Bleeding $60 mil a day and holding my cash.....

Got same email on ~$1k credit for flights to Canada for the GF and I. 2022. 

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1 hour ago, sporthenry said:

They had an article last Saturday morning too.

I’m starting to think either Chet owns the NY Post or some high ranking member is long CYDY :lmao:

 

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10 minutes ago, Sputnikv8 said:

Planning to watch the oil segment Monday.  Might re-open the door on stocks like MRO.

 

https://www.cnbc.com/2020/04/04/oil-set-to-crater-monday-as-opec-meeting-delayed-tensions-flare-between-saudi-arabia-and-russia.html

Wish I had put more shorts on in oil.  Trump’s tweet last week was pure fantasy.   No way Russia and the Saudis cut 2/3 of their daily production without US producers agreeing to any cuts.  They couldn’t agree on 1/10 if that reduction a month ago.    

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I'm thinking about buying Southwest Airlines stock. My thinking is after all this passes it'll go back to it's previous highs (feel free to correct me). 

Now generally all my investing has been maxing out my 457 plan with S&P 500 to supplement CalPers for retirement. I also have a ROTH IRA that I have yet to make contributions for 2019.

If my goal is to sell SWA stock in the near term my only real option is just through Vanguard where I have my ROTH? 

I guess basically am I stupid for not just buying the stock in the ROTH IRA vs non-tax advantaged account?

I'm 35 if that makes a difference.

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1 hour ago, GStrot said:

Wish I had put more shorts on in oil.  Trump’s tweet last week was pure fantasy.   No way Russia and the Saudis cut 2/3 of their daily production without US producers agreeing to any cuts.  They couldn’t agree on 1/10 if that reduction a month ago.    

I mean I don't even think the market was pricing in 10 or 15 mmbbl/d cut from the two of them. Or else oil probably would have doubled. 10 seems high but that would have to be a cut among everyone. Obviously the market wasn't pricing in them not even getting to the table. 

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2 hours ago, GStrot said:

Wish I had put more shorts on in oil.  Trump’s tweet last week was pure fantasy.   No way Russia and the Saudis cut 2/3 of their daily production without US producers agreeing to any cuts.  They couldn’t agree on 1/10 if that reduction a month ago.    

Huh

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59 minutes ago, Bob Sacamano said:

Huh

I’m guessing this one: https://twitter.com/realDonaldTrump/status/1245720677660925952?s=20

Just spoke to my friend MBS (Crown Prince) of Saudi Arabia, who spoke with President Putin of Russia, & I expect & hope that they will be cutting back approximately 10 Million Barrels, and maybe substantially more which, if it happens, will be GREAT for the oil & gas industry!

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4 minutes ago, caustic said:

I’m guessing this one: https://twitter.com/realDonaldTrump/status/1245720677660925952?s=20

Just spoke to my friend MBS (Crown Prince) of Saudi Arabia, who spoke with President Putin of Russia, & I expect & hope that they will be cutting back approximately 10 Million Barrels, and maybe substantially more which, if it happens, will be GREAT for the oil & gas industry!

LOL

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47 minutes ago, caustic said:

I’m guessing this one: https://twitter.com/realDonaldTrump/status/1245720677660925952?s=20

Just spoke to my friend MBS (Crown Prince) of Saudi Arabia, who spoke with President Putin of Russia, & I expect & hope that they will be cutting back approximately 10 Million Barrels, and maybe substantially more which, if it happens, will be GREAT for the oil & gas industry!

No, no.  Not "hu?", as in what are you talking about.

"Huh", as in I find it a shocking revelation that he would tweet and/or utter bull####.

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I am out and about shopping at the grocery store. And I have a hard time believing that this crisis is fully baked in to where the markets are right now. It looks like a war zone out here and this entire amount month is supposed to be filled with more infected and more deaths. I’m a seller on Monday.

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1 hour ago, Bob Sacamano said:

No, no.  Not "hu?", as in what are you talking about.

"Huh", as in I find it a shocking revelation that he would tweet and/or utter bull####.

Jared made a trade, is my guess.

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4 hours ago, Charlie Harper said:

I'm thinking about buying Southwest Airlines stock. My thinking is after all this passes it'll go back to it's previous highs (feel free to correct me). 

Now generally all my investing has been maxing out my 457 plan with S&P 500 to supplement CalPers for retirement. I also have a ROTH IRA that I have yet to make contributions for 2019.

If my goal is to sell SWA stock in the near term my only real option is just through Vanguard where I have my ROTH? 

I guess basically am I stupid for not just buying the stock in the ROTH IRA vs non-tax advantaged account?

I'm 35 if that makes a difference.

I thinking putting all you can every year in a  Roth is the way to go. I did not start until late in life. Its funded with post tax dollars and it can all be withdrawn in retirement, including all profits, with no tax consequences. I use it as my gambling type of account and try o hit homeruns with it, so if I connect on one, its free (non-taxable) retirement money. I think most start much earlier and and are more conservative.

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