Delta Air


buy if it breaks 52

stop 49.5

target: 56

Buffet loves airlines and banks. He’s a big fish who can move a sector a while by saying buy on the media.

Buffet trading style is: bottom catcher (“value investing”) and trend trader.

If you’re a bottom catcher, you have to sit on your stock for a long time, sometimes for years for it to turn around. What if it doesn’t turn around? Buffet can buy the whole company. We can’t.

Dollar average down only works if you have unlimited money and if the company can turn around. There is a high probability that a good company can turn around. There is no such thing like 100% sure. Buffet can be 100% sure because he has money to buy the company if it can’t turn around.

“Don’t put your eggs in one basket.”

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