Sold my JETS today

[disneysteve]

I invested in JETS, the airline ETF, back in March when everything crashed. I bought several lots totaling 700 shares with an average basis of $15.10/share.
I noticed today that the price was almost back to the 52-week pre-crash high. It's not yet back to it's pre-COVID price but I don't think it will be anytime soon so I decided it was time to get out. Our stock allocation has also gotten a bit high recently and I have wanted to trim that down so this helps accomplish that, too.

Cost basis $15.10
Sold for $27.30
Gain of 80.8% in just under 1 year. Not bad at all.

This was in my Roth so no tax impact to worry about.

[cypher1]

Nice! I'm still sitting on 200 shares around 12.13 basis in Taxables. Just letting it ride for awhile.

[kork13]

I've thought about the same lately, though mine are in taxable, so I'm planning to wait until they're at least past the 1 yr mark for LTCG. Besides, I'm pretty confident that it'll climb higher over the summer/fall as COVID presumably becomes less of an impact on air travel.

I've got 170 shares, bought Mar-May, average basis of $13.20/sh.

[disneysteve]

I would have held on if LTCG was an issue. I’m sure it will go up more. It was $32-35 pre-COVID. It’ll get back there eventually. Like I said, I was looking to rebalance a bit and taxes weren’t a factor.

[bjl584]

Nice gain and probably smart to get out now.
Things are a little overheated right now

[Scallywag]

Overheated? Things are just beginning to crash! I had a paper loss of $164,000 across our accounts with most of the "loss" coming from TSLA, CCIV and PLTR.

I'd never sell, although I'm feeling very discouraged right now. 164K is several years worth of contributions for my family, so I'm very disgruntled.

[LivingAlmostLarge]

I can't i'd get hit by my STG on my jets I bought end of March. UGH. I think I bought a ton at $12 and would love to cash out but I need to wait. I think I have 1000 shares that and I bought hawaiian and southwest on that same dip. So I have quite a bit riding on it. Would be nice to ease off that position I think it's hit the peak. But not until capital gains. I think I need to take it if it hits like $33 then it'll be where it won't run much I think .

[jeffmem]

I was actually looking to buy JETS about 1-2 weeks ago, and opted to stay away from it as the performance and growth were just not there for the LT. I bought ABNB and BKNG this year, but after earnings released for ABNB now I think I will be sitting in the red on it for awhile, such as life.

[disneysteve]

Looks like I got lucky and picked a good time to sell.

[LivingAlmostLarge]

I just checked out portfolio I have 300 shares of jets in DH's roth so I'm thinking of selling now and leaving the taxable 400 shares plus I have hawaiian and I want to sell that in both his Roth and Taxable.