Travel stocks

[jonnyfrank]

SOL,

What are your overall thoughts on some of the travel stocks you recommended? TRIP, TZOO, and HA come to mind. I have some of these positions and they are looking more like very long term holds or tax loss harvesting candidates. Thoughts on time lines?

[MarkD]

Oil appears to need more time to consolidate. The travel stocks all at/near double bottoms. Definitely worth watching. Another hoax could shut down everything and create even greater bargains.

[SOL]

SOL,

What are your overall thoughts on some of the travel stocks you recommended? TRIP, TZOO, and HA come to mind. I have some of these positions and they are looking more like very long term holds or tax loss harvesting candidates. Thoughts on time lines?

We live in crazy times, but things will change, at least as far as the markets are concerned, things always revert to the norm, but if they deviated too much in one direction, then the opposite reaction will be, in general, 2X or more powerful.
Having said that, I apply a simple formula. When something is trading in the extreme to the insanely oversold range, I hold it until it moves to the extremely overbought range. It's a simple but boring formula that has worked well over the long run. it requires both discipline and patience, but the results are quite good. In this case, as Mark pointed out travel-based stocks are deeply oversold, and most are putting in double-bottom formations.

[outof thebox]

I have a small position in HA and EXPE but I purchased in small amounts so overall my average entry price is not too bad, though I am still down 29 and 20 percent respectively. I don't intend to sell until i am sitting on gains of at least 100%

[AstuteShift]

I have a small position in HA and EXPE but I purchased in small amounts so overall my average entry price is not too bad, though I am still down 29 and 20 percent respectively. I don't intend to sell until i am sitting on gains of at least 100%

Expe on the weekly charts is in a battle tested zone area, the long it stays in that zone the more explosive the move can be. My view point that it projects to the upside given the monthly charts are also projecting that also. Higher probability of upside

HA looks a lot better, monthly chart is bullish. On the weekly if it surpasses 15 bucks I can easily see 30 bucks where the previous buyers before the downturn began

[outof thebox]

I have a small position in HA and EXPE but I purchased in small amounts so overall my average entry price is not too bad, though I am still down 29 and 20 percent respectively. I don't intend to sell until i am sitting on gains of at least 100%

Expe on the weekly charts is in a battle tested zone area, the long it stays in that zone the more explosive the move can be. My view point that it projects to the upside given the monthly charts are also projecting that also. Higher probability of upside

HA looks a lot better, monthly chart is bullish. On the weekly if it surpasses 15 bucks I can easily see 30 bucks where the previous buyers before the downturn began

Would you buy EXPE at the current price or wait for a PB to the say 90-96 level. Any thoughts on Airline and stocks in the Transportation sector like WERN. WERN looks pretty decent on the monthlies.

[MarkD]

I would be ST cautious on trucking stocks but LT bullish. The margins were bumped by CV19. Now, they are all awaiting the death of YELL, hoping for less competition, in hopes their windfall profits will continue.

My cousin works for a third competitor, another large corporation. Their belief (here we go again) is if YELL collapses it will increase profits for the remaining companies.

I suggested he think about the excess assets which will be redistributed throughout the industry, one that is very competitive in the USA. But I agree there are many charts in this industry setting up nicely.

True story, YELL CEO lives in Nashville. Corporate HQ is Overland Park, KS (KC metro). Seems like he figured out the ship is sinking. A lot of the trucking companies are HQ'd in the south. YELL has to deal with the Teamsters Union and it's not looking good atm.