This is one stock to watch today...short sellers jumped it yesterday because of the convertible offering and then HAD to cover before today...after hours trade of over 2 million shares in ONE BLOCK. See here:
Click here for Business Week after hours stock trades of AMR.
Short sellers FINALLY get what they deserve.
To: MeneMeneTekelUpharsin
Short sellers FINALLY get what they deserve.They deserve respect for helping all of us in price discovery.
2 posted on
08/05/2003 6:48:00 AM PDT by
wideawake
(God bless our brave soldiers and their Commander in Chief)
To: Archangelsk; tortoise
Ping.
To: MeneMeneTekelUpharsin
There is nothing wrong with short selling. And, this is a good stock for it. The union employees, after being grossly overpaid for years, are extremely bitter about having their unions agree to massive cuts.
If things go bad for AMR, they move to bankruptcy. If things go well, the unions pound on the door wanting back their contributions and "slowing down" if they don't get something.
Talk to an AMR flight attendant anywhere in the country and she will tell you about poor Suzy losing her house. Each union believes it contributed an unfair basket of salary and work rules and it is only a matter of time before one of them gets so righteously indignant that it pees in the pool.
It will be like musical chairs. If you bet that something will cause this stock to fall like a rock often enough, someday, you will be correct.
8 posted on
08/05/2003 7:27:17 AM PDT by
Tacis
To: MeneMeneTekelUpharsin; Criminal Number 18F
Finally, some really good economic news. 81% load factor! Outstanding!
10 posted on
08/05/2003 10:30:20 AM PDT by
Archangelsk
(Whither goes the airline business, whither goes the economy.)
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