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I think most of ppl know that airline industry and coronavirus are in rally to see who can survive longer. The longer you hold AA, the riskier it is as AA is burning cash everyday, unless bailout is obtained from a merger negotiation. Although our gov eased a lockdown, but a limited number of plane and place are allowed to fly for a control purpose. According to a news from The Washington Post, “Coronavirus may never go away, even with a vaccine”. In my opinion, this is a long-term war. Mostly, this counter is suitable for short sell as the airline future is uncertainty.
Trust yourself on what you analyse, what you see and what you read. “Believe” is not a strategy but a speculation.
Disclaimer: This is just my opinion, nothing to do with other purpose.
Bryan, I agree with Lucas. Best is to follow your own plan. You may also want to recall your initial plan before initiating position in AA - has it triggered stops, any change to the reasons that led you to initiate position in AA previously. If there are changes, then you should consider making a decision. At the end, you will learn from this experience - from selection of stock to lot size mgmt (risk exposure) to your investment/trading plan - creating a plan and executing it with discipline. The market is always ever changing and everyone should continue working to improve their own plan.
Airasia will not be allowed to go bankrupt. Going bankrupt will have an even major negative implications for the Malaysian econ like furloughed workers. That will be an even bigger burden for the gov to resolve. The gov is already having a big burden n political crisis. Plus, in Malaysia the econ is not as wide as US China or Japan. We don’t have many industries like sports music or movies. A small industry means less working opportunities for ppl. That’s why we depend on MNC for work. If you remove AA then even less ppl have jobs n bigger prob for gov.