I guess it depends on how long he's got. BA and CCL might not be too bad. I'd wait for another 30%-50% haircut on the airlines though. Better bet would be Fedex or UPS imo if you must buy flying tubes. Edit... one can only sit on their hands so long here. In DAL short at 22.80. 400 shares. edit 2.... f... should have got greedy. Where's my conviction? At least 1000 dummy. edit 3 .... hmmm.
WTI Crude up 18% or so on reports that the oil glut is being resolved and that Cushing, OK inventories are manageable. Questions still remain regarding the May 19th settlement for the June CL contract. https://www.rigzone.com/news/global_oil_glut_set_to_halve_in_may-04-may-2020-161965-article/ https://www.worldpipelines.com/busi...l-inventories-approaching-record-high-levels/ I don't think the drama is over.....yet.
Goldman was out with a note earlier...They see $51....everybody happy....including Russia, Saudi Arabia, Iran, Nigeria, Angola, Venezuela, Mexico, UAE, Oman, Kazachstan....oh, and even the USA!
I think BA is going to go the way of GM. That massive debt deal they just did bought them some time before the inevitable. Bond holders will get bailed out at the expense of the shareholders.