That's why there is a market, everyone can place their bets and put their money where their mouth is. I will watch the charts and see what they say, but right now, they tell me we have a higher probability of a downside move than an upside, but I'm just a redneck from Iowa.
IMO there will be a couple airlines that don't survive this. If you can short the correct ones, you don't have to close out the trade for taxes. ( unless that changed last year) Ride it til ZERO !
I'm in the same camp, watching and waiting. But it could be a year wait and slow grind down. Weaker airlines will probably go away but larger airlines like Delta, United, Alaska, and SW will survive but may have greatly reduced value depending on how .gov bailout package works.
I think there is going to be some very grim financial news coming out in the next few months. It's going to take a year or two to get the economy re-booted. This isn't a one quarter and done thing.
