i have 71 shares of Delta Airlines that I bought between .50 and .77 cents. up 164.9% YTD. should i sell now or are they going to keep increasing?
2006-09-18 07:19:09 · 10 answers · asked by Anonymous in Business & Finance ➔ Investing
I would hold. The airlines are getting out of trouble and are in much better shape now. Delta's stock will go up as soon as it is out of bankrupcy which may take a while but it will go higher then, that's for sure.
2006-09-18 11:28:29 · answer #1 · answered by rajatharjani 4 · 0⤊ 0⤋
You can sell and take the profits to buy a more stable stock or mutual fund, if you feel DAL is too speculative for your pocketbook.
Last Update: 12:04 PM ET Sep 18, 2006
NEW YORK (MarketWatch) -- Shares of airlines traded mixed near midday with crude oil moving in a choppy pattern Monday, as investors keyed off new Department of Transportation data that showed the U.S. airline industry had its best quarter for profits in six years.
The top three network carriers in terms of operating profit were Northwest Airlines Inc. (:NWACQ), Delta Air Lines Inc. (:DALRQ), both in bankruptcy, and US Airways Group (:LCC). Southwest, AirTran Holdings Inc. (:AAI) and JetBlue Airways Corp. (:JBLU) topped the low-cost list.
2006-09-18 14:29:39 · answer #2 · answered by Mr. Christopher 2 · 0⤊ 0⤋
The commissions eat up your profits on 71 shares. Hold and forget about it, maybe some day it goes up a lot more. Thats my opinion.
Many market factors influence the price of a stock. There are "market makers" who must try to influence markets to their benefit while staying within the law. There are institutions that must answer monthly to their customers. And there are short and long options players as well as long holders. Also there is public opinion, the number of shares outstanding,etc. Commission prices are also important and can eat into your profits or increase your losses if you trade frequently. Seek professional advice.
2006-09-19 11:01:03 · answer #3 · answered by Anonymous · 0⤊ 0⤋
If I were you, I would try to sell them as quick as I could, If you watch the news lately, you would see that several Airlines are restructioning their company. And the U.S. Goverment had to loan some money to stay in buisness or file Bankrupt. I would sell quick. Before they did file Bankrupt. Air-Lines are not a sure thing anymore.Since 911.
2006-09-18 14:27:57 · answer #4 · answered by mswildman2005 2 · 0⤊ 0⤋
well since you bought them very cheap, keep them as long as you can. When the shares starts going down, then sell them.
Airlines are bad choices to begin with. So, if you made couple of hundred bucks sell it, if you feel lucky keep it for a day or two more.
2006-09-18 14:22:55 · answer #5 · answered by The First 3 · 0⤊ 0⤋
hold-- the holidays are coming and the airline may increase business with all the travellers coming/going. wait 'til after the new year to sell
2006-09-18 14:20:59 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Bankrupcy is good for stockholders right? Common sense my prevail here.
For waht you paid for them I dont see a reasonw hy you can't hang on. unless 45 dollars is going to make or break your portfolio. I would suggest buying more, but who the hell am I right?
2006-09-18 14:20:23 · answer #7 · answered by brantibrooks1 2 · 0⤊ 0⤋
make sure you hold your stocks is all I can advise if you do not believe me call the Mad Money guy on moneyline
2006-09-18 14:27:30 · answer #8 · answered by George T 3 · 0⤊ 0⤋
You can make more money if you work for a day at Wal-Mart.
2006-09-18 15:43:00 · answer #9 · answered by Anonymous · 0⤊ 1⤋
No no don't sale or don't keep , transfer on my name.
2006-09-18 14:31:44 · answer #10 · answered by lucky s 7 · 0⤊ 0⤋