Beware bankruptcy, my bottom-feeding dip-buying friends

"Buy the dip!" I'm hearing peeps say. "The airlines will always come back!" Yes, they will... but will YOUR INVESTMENT survive?

Beware, my friends. Methinks that bankruptcy is a very real risk for many companies right now. Specifically: Airlines (DAL, AAL, UAL), Boeing (BA), Ford (F), General Electric (GE), cruise lines, etc..

So if you're bottom-feeding and buying the dips:

- Recall the airline bankruptcies following the 9-11 attacks
- Recall Lehman and Bear during the Mortgage crisis.

This is going to be a rough recovery. There will be casualties of this event. Don't get bit.

With all the love in the world,
Keith :^)

 

Dip buying individuals is very risky right now.

It's true that most airlines will come back, the question is always, which?

To me it does look like a 2008 style move now, which means we will have months worth of lower volatility decline.

 

Re issue of a another class stock. When it's too good to be true........

 

I for one, regret not buying AMZN & WMT on the dip as I promised myself I would

 

Regrets? HAH!

 

How about clothing & accessory group? March sales down 50%. They are big victoms of Covid-19 shutdown right now. However, they are more likely to recovery after the crisis. jwn cpri gps.... looked attractive now.

 

I could guarantee that if Amazon drifted to lows made in March you wouldn't be touching the stock!! You are saying that after the fact it has gone up to new historical highs....easy to say now.

 

Citi.......2009

 

I remember C went to 99 cents during the last crises.

 

I still own it, as a painful reminder.

But I can't let that stop me from investing/trading?