your best hope is that this story picks up steam and a bunch of unsophisticated investors think it’s a hidden nugget of gains, and then you have to avoid falling for the hype yourself. sell the moment you’re in profit.
Oh, we're going to squeeze those short sellers so hard. I don't care if they've already closed out all their positions, at this point it's the principle of the thing. Next stop omega squeeze!
>your best hope is that this story picks up steam and a bunch of unsophisticated investors think it’s a hidden nugget of gains, and then you have to avoid falling for the hype yourself. sell the moment you’re in profit.
> The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money. Think airlines. Here a durable competitive advantage has proven elusive ever since the days of the Wright Brothers. Indeed, if a farsighted capitalist had been present at Kitty Hawk, he would have done his successors a huge favor by shooting Orville down.
— Warren Buffett, in the 2007 Berkshire Hathaway shareholder letter
(Though this is relevant more to a value investor than to a speculator)
US Airlines did well in the last decade compared to prior times due to finally having consolidated into sufficiently few airlines. Until the pandemic of course.
once oil goes back to somewhat sane prices, maybe.
currently airlines face cost pressure from fuel prices inflating and wages inflating - and covid is far from done, though hopefully we're in the second half now.
