All things STOCKS

#2,911
#2,911
VolAllen said:
I did exactly what I said I wouldn’t do and bought back into SAVE, giving them some of my profits back. HOWEVER....now I’m in with more shares and more $, so the return will be that much sweeter 💰
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I still think airlines bounce back some this summer, Not to pre cover levels but better then they've been doing.
 
#2,916
#2,916
VolAllen said:
But I mean, they’re kind of down for no reason.
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Agree there's no triggering event today to justify this drop.

The reason why they are down is they were driven up too high the past 3 weeks. You had a lot of stocks (HTZ, CHK, AAL are 3 examples I've been on all week) that have no reasonable basis for their price. There were hundreds of others out there as well. Eventually, the markets figure it out.
 
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#2,920
#2,920
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#2,921
#2,921
Volbucky said:
Top stocks on Robinhood brokerage get crushed as market violently reverses
Top stocks on Robinhood brokerage get crushed as market violently reverses

Shocking
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No doubt there are a lot of sad 15-year-olds this afternoon. Some of them might give it up entirely and go back to gaming while the market's open.

Been interesting to watch, for instance, Hertz trading at $8 while bankrupt. I don't know if RH customers are really the culprit but they sure got blamed for it.
 
#2,922
#2,922
Firebirdparts said:
No doubt there are a lot of sad 15-year-olds this afternoon. Some of them might give it up entirely and go back to gaming while the market's open.

Been interesting to watch, for instance, Hertz trading at $8 while bankrupt. I don't know if RH customers are really the culprit but they sure got blamed for it.
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HTZ only got to around $6, not $8 (either price was nuts)

It's not RH customers in entirety. It's people who read stock message boards who go all-in without looking at simple economics or reviewing a financial statement.

In HTZ's case, their liabilities exceeded their tangible assets by 3.6BB. Hertz had to sell the entirety of their fleet for 30% more than its book value for shareholders to receive a cent. A 5 minute look at their balance sheet made this a real easy short Monday afternoon. A 5 minute review of Stocktwits comments on $HTZ solidified my thinking.
 
#2,924
#2,924
BigOrangeMojo said:
HTZ only got to around $6, not $8 (either price was nuts)

It's not RH customers in entirety. It's people who read stock message boards who go all-in without looking at simple economics or reviewing a financial statement.

In HTZ's case, their liabilities exceeded their tangible assets by 3.6BB. Hertz had to sell the entirety of their fleet for 30% more than its book value for shareholders to receive a cent. A 5 minute look at their balance sheet made this a real easy short Monday afternoon. A 5 minute review of Stocktwits comments on $HTZ solidified my thinking.
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With Hertz, people were just buying a name they’d heard all their lives. Guarantee if Kmart got listed tomorrow, you’d have some tards loading up, even with no stores lol. There are always opportunities to make a buck, just gotta know how and where to look!
 
#2,925
#2,925
VolAllen said:
With Hertz, people were just buying a name they’d heard all their lives. Guarantee if Kmart got listed tomorrow, you’d have some tards loading up, even with no stores lol. There are always opportunities to make a buck, just gotta know how and where to look!
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Agree. I'm shocked you dont get in on the short end of some of this ridiculousness...
 
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