RE:RE:Don't catch a falling knife...
omg how could you have not taken money off the table when you were up that much...I already saw that the run up was too fast with AC. Over $20 was already over valued much less $40 or $50. The aviation industry Canada vs USA just doesn't compare in terms of traffic and plane capacity and I fly more than the average person. Anyway, you live and learn I hope. Better sell and buy later. AC still has room to fall. Or I guess you could average down... You can't time the market so if you are planning to go the average down route I suggest doing so in increments. My best guess is AC will hover close to $5, maybe even closer to 0 as it has before. In any case, AC won't go belly up. Worse case scenario, they get bailed out as in the past. Guaranteed. With reduced flights, border closures, layoffs will happen. Wait for the news about layoffs because it will be announced, just a matter of time. Q1 and Q2 will be ugly. Q3 Q4 will depend on how quickly we will recover from this crisis. And...how can people have discretionary spending when people will be laid off. Even business flights will be greatly reduced. Teleconferencing will be more the norm now and after this crisis. With technology softwares, I don't even see the need for businesses to spend on travel to begin with. I see 2020 as a write off. Max planes haven't even entered to the equation.