GUSH - 2020-03-17 - Final exit

[dennisgorelik]

The remaining piece of my sanity suggested to me, that I have to sell the rest of GUSH at market price -- and just cut losses.
I do not work with that 3x instrument correctly and do not have right temperament to do that.

So I sold the rest of GUSH at ~$0.56/share
I could have sold at better price, and possibly, GUSH may still grow 3x from the current price in the next few days.
But that does NOT matter.
I should not use 3x instrument as an investment.

Instead of GUSH - I bought United Airlines at $32/share.
That is my long-term bet that Coronavirus concerns are seriously overblown and people will start flying again after the panic will subside.
How long will it take people to calm down - I do not know. May be several weeks, may be several months. But with long term stock investment - that does NOT matter.

BTW, GUSH went down today in spite of S&P 500 going up.
That is, probably, the compensation for GUSH going up yesterday when S&P 500 went up.

Comments

[proben]

That's VERY long term...

Airlines

[dennisgorelik]

I expect 1 year recovery in airlines prices. 50%+ growth

Why do you think that airlines prices would stay low?
Coronavirus panic will subside in a few weeks, and people will start flying again. Especially if oil prices are low.

Re: Airlines

[proben]

One year maybe. I'm not good with predictions but looks like entire travel industry goes down and will continue to fall for several more months while smaller operators start to declare bankruptcies.

Re: Airlines

[dennisgorelik]

> entire travel industry goes down and will continue to fall for several more months

Why several months? Why would people avoid travel after Coronavirus panic will subside?

Re: Airlines

[proben]

Nobody knows if second wave comes. Like spanish flu had three waves. And people would keep fear to travel for a while, and lifestyle in general may change to more isolated.