The Ferrari spinoff WAS NOT postponed. Marchionne said that regulation hurdles may end up pushing it into the 3rd Qtr, but the target is still Q2.
I just cant justify having over 10% of my portfolio in ANY 1 stock. I cant. AAL was over 10% of my portfolio and regardless of how much money i left on the table, for me it was the right thing.
I see some people here have over 50% of their entire portfolio on this 1 stock. I just cant get behind that. Regardless of the growth potential...at a moments notice (terror attack, lost plane, etc) AAL will lose a lot of value.
Not worth the risk...for me
Thats why I bought 100 Calls for March. Im expecting (hoping) for a 3-4 bagger for me.
Long time since Ive been here. Boy do I miss the days of the bankruptcy. Everyday was newsworthy and untold potential. Best trades of my life. I held on to 1,500 shares and just sold a 1/3 last week. Got to be to much of my portfolio as a percentage. Needed to reduce risk.
I did BTO 100 Mar 20th $65 calls last week.
I really cant see a anything but a huge forecast surprise. I may be blinded but Tuesday will be huge. A gapper. Look what UAL did. Easily +$4-$5 This will be $65 in short order.
Price Targets will be adjusted Wed into the high $80's and low $90's
I have drunk a lot of AAL kool-aid over the last 2 yrs, but I simply cant see it any other way
Good luck to all!