Does it make sense to wait until aviation shares reach $3 before buying them?

Waiting until aviation shares reach $3 before buying may not be the most optimal strategy, and here's why:

1. Current Market Conditions: The aviation industry is currently facing challenges, including high debt levels, operational disruptions, and competitive pressures. While a price of $3 may seem attractive in this context, it is important to consider the overall market conditions and the specific risks associated with investing in aviation shares.
2. Company Fundamentals: It is crucial to evaluate the fundamentals of the companies in the aviation industry, such as their financial health, market position, and growth prospects. While some companies may be undervalued at current prices, others may not be worth the investment unless there are significant positive changes in their fundamentals.
3. Diversification: Diversification is key to managing risk in any investment portfolio. Waiting for a specific price point to invest in a single sector or stock can lead to missed opportunities for diversification and potentially higher returns elsewhere.
4. Long-Term Perspective: Investing should be viewed as a long-term strategy. While it is important to consider short-term price movements, focusing solely on a specific price target can lead to a myopic approach to investing. It is essential to consider the long-term growth prospects of the industry and the specific company's strategies for survival and growth.
5. Alternative Investment Opportunities: There may be other investment opportunities that offer better value for money at current prices. It is important to evaluate the entire investment landscape and not solely focus on the aviation sector.

In conclusion, while a price of $3 may seem attractive, it is important to consider the broader market context, company fundamentals, diversification, long-term perspective, and alternative investment opportunities before making investment decisions. It is also advisable to consult with a financial advisor and conduct thorough research before investing in any sector or stock.