Hey, all. Pretty intense idea here, but I am a buyer of 
DAL at these levels. Obviously, the chart looks awful from a recent performance perspective. However, if you take a long term view, we could actually be rebalancing after an initial range expansion to the upside. Just like 
RIVN, airlines are/have been a pretty brutal investment. I guess I have a thing for pain. Ha.
I am certainly a believer that airlines are undervalued here and can reverse back to the upside. Of course, it goes against the current narrative that the economy is showing signs of weakness. But I am just willing to take the risk on this one. I believe the consumer and culture shift in the US to have more experiences in life will continue to hold.
Are we going to come in for a hard landing, or take off to cruising altitude? We'll see what kind of lift the market will give us. Right now the turbulence is pretty intense.
DAL at these levels. Obviously, the chart looks awful from a recent performance perspective. However, if you take a long term view, we could actually be rebalancing after an initial range expansion to the upside. Just like RIVN, airlines are/have been a pretty brutal investment. I guess I have a thing for pain. Ha.I am certainly a believer that airlines are undervalued here and can reverse back to the upside. Of course, it goes against the current narrative that the economy is showing signs of weakness. But I am just willing to take the risk on this one. I believe the consumer and culture shift in the US to have more experiences in life will continue to hold.
Are we going to come in for a hard landing, or take off to cruising altitude? We'll see what kind of lift the market will give us. Right now the turbulence is pretty intense.
Trade active
I pretty much was buying DAL every single day multiple times a day on the continued drops through April. Fortunately, this paid off pretty well. I did sell most of the shares I purchased through the deep lows, but I still have a pretty outsized position as I'd like to keep a strong position in Delta for the long run.
Reagen Dykhouse
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Reagen Dykhouse
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.