Anybody buying on this downturn?

[disneysteve]

Question is: how many will have the disposable income to visit Disney in June?

Most will.

Despite the headlines and doom and gloom, the unemployment rate among folks with a college education is only 8%. That's certainly higher than it was a few months ago but it's hardly catastrophic. The people most affected by the furloughs and lay offs are the lower income and less educated people, and they aren't the ones typically going to WDW anyway.

[Scallywag]

Question is: how many will have the disposable income to visit Disney in June?

[Like2Plan]

Disney World is on track to open June 1. Disney Springs is partially reopening May 20. They haven't said anything about cancelling June reservations, which I think they would have done by now if they were going to.

That is really good news. I just cancelled a reservation I held for June at Disneyland-- different state and different reopening rules, but they haven't had a lot of guidance. I think Disney World will reopen before Disneyland.

[disneysteve]

maybe Disney World will open in July?

Disney World is on track to open June 1. Disney Springs is partially reopening May 20. They haven't said anything about cancelling June reservations, which I think they would have done by now if they were going to.

[Like2Plan]

And, another "shows what I know about investing" post. My big play was 3 shares before the DIS earnings report was released and 3 shares after. My theory was when the report was released with big losses that the share price would go down. But, I paid a total of $0.52 more for the 3 shares I purchased after the earnings report was released. I think the share price was helped when the opening of Disneyland Shanghai was announced. Now, maybe Disney World will open in July? The share price is even higher today. So, I guess it will take longer to reach my ultimate goal.

Disney has invested huge amounts in new attractions in the theme parks and they were just on the brink of being able to see the payoff. Covid-19 has not made me want to go to the parks any less. I guess we have to see how it goes in Shanghai.

[LivingAlmostLarge]

I captured some gains and losses about a month ago and reset by selling vti for voo and QQQ. It's going gangbusters. Anyway I still don't get how we see so many layoffs for uber 20%, lyft 17%, airbnb 25% weworks, etc and yet the stock market is going only higher. It seems to be rallying for a bigger push up.

I mean I read the 2017 TCJA made the corporate rate 21% and that cause companies to have more cash to do stock buybacks and increase the value of stocks pushing the stock market higher. But at the same time, I thought the stock market was also pushed higher with people buying and spending money. And how will that work out if people are out of work, and it doesn't seem "temporary" and they might be digging into serious holes with perhaps paycuts. How do we have normal consumer spending when okay some of the 33M people will go back to work, but they are already behind on bills? When they might have to take reduced hours or reduced salary?

[disneysteve]

I have 600 shares. I put in an order to get 100 more at $12.50. It doesn't look like it will get there, or at least not today, but I'll leave the order open. I'm okay either way.

It almost got there today. It dropped as low as $12.60 so not quite. We'll see what happens tomorrow.

[LivingAlmostLarge]

I have 100 shares of jets at $12.08. I wonder if I should buy more

[kork13]

I think the airlines & air travel themselves will generally survive, but their profits will suffer dramatically until the restrictions subside. I'm flying my family down to AZ as part of my move with the military, and they're leaving empty every other seat. In a standard 737 with 3 seats on each side of the aisle, the middle seats are all empty. Great for flying with 2&4 y/o kids, but bad for profits (and thus, stock value).

Perhaps I'll buy some more JETS as well... Currently have 120 shares, average basis of $13.50/sh. If tomorrow/future days continue to drop, I'll likely end up snatching up a few more shares.

[Like2Plan]

I decided to buy 3 shares of DIS this morning and then however much (about) $300 will buy tomorrow. I think DIS will probably go down after the earnings are announced (tomorrow).

[disneysteve]

I'm debating buying more JETS. How much JETS do you have DS?

I have 600 shares. I put in an order to get 100 more at $12.50. It doesn't look like it will get there, or at least not today, but I'll leave the order open. I'm okay either way.

[LivingAlmostLarge]

I'm debating buying more JETS. How much JETS do you have DS?

[disneysteve]

I picked up some more AAL at $9.19 this morning. Not a lot but a little here and there. Its fun having skin in the game. Its the only individual stock I own.

I bought some AAL when this mess all started but then moved on to JETS to diversify across the industry better. It dropped at the opening today but has recovered some. If it gets down into the 12s or less again, I'll probably pick some up. I should put in a limit order.

[rennigade]

Yeah, I saw that. I don't know. I think air travel will be impacted for quite some time but it will come back. I can certainly understand Buffet getting out. He owned a large stake and he has shareholders to answer to. I wouldn't be surprised, though, to see him get back in at some point.

Prior to him doing this, I was actually thinking about picking up more JETS if the price dipped again. This might be my chance.

I picked up some more AAL at $9.19 this morning. Not a lot but a little here and there. Its fun having skin in the game. Its the only individual stock I own.

[disneysteve]

Welp, its in. Warren Buffett says to sell airlines stocks. It seems no one is going to fly commercial ever again. We should all start flying private. AAL down almost $1 pre market. I may pick up a few more shares today.

Yeah, I saw that. I don't know. I think air travel will be impacted for quite some time but it will come back. I can certainly understand Buffet getting out. He owned a large stake and he has shareholders to answer to. I wouldn't be surprised, though, to see him get back in at some point.

Prior to him doing this, I was actually thinking about picking up more JETS if the price dipped again. This might be my chance.