Some idiot was saying to buy BA because flights picked up due to humanitarian flights to Lebanon...like, what? Seriously people are retarded and not in the good way.
If my dad had given me 30k for college I would have deleted all my trading accounts and just buried my head in books for the rest of my life. An Education/Degree from an Ivy League college would get you anywhere you want in America. You could work for the FBI. You could run for fucking president in the next 30 years. You could be the CEO of google. You could work at fuckin Wallstreet and make bank which is much more of a sure thing than you throwing it at some play with literally a 1% chance and an expiration date/Theta burn that eats away at your money everyday. Why would you gamble that shit away. My dad wanted me to drop out in 9th grade so I could help him pay the bills and he sits at home because he decided to have kids a little late and considers me his retirement plan. I’m now 20 with only a high school diploma which would’ve never happened if it wasn’t for my mom motivating me and I got barely a semester under my belt because work has kept me busy. What do I have to make up for throwing away 3 years of my life with no school and non-stop work? An extra $3500 that I could blow in seconds on robingayhood. Since you said you have never traded before and don’t have any idea what options are then you might as well bet that money on red/black or literally buy scratch offs with extremely low odds because the odds of you “Doubling” your money are about the same in all scenarios. If you still feel the need to be a spoiled retard then buy $AAL $BA leaps. At least you have a high chance of coming out ahead.
BA is a monster. If you don’t understand the size and power of the company read about it. The pandemic has only temporarily changed that.
Pros: enough cash to last, 52% of revenue comes from defense (a never ending uninterruptible stream of government tendies), people and the government are “over” the 737 max issues (public comments on it opened today). Air travel will pickup. We’ll have a vaccine as early the end of the year and as late as mid next year (and good news that will spike the market)
Lastly, it was a 400 dollar ducking stock before corona. It’s at 172. It will go up, bigly.
Buyin LEAPS not short term