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View Full Version : AAMRQ is the new symbol

loubetti

01-08-2012, 09:50 AM

As I expected, the notice of de-listing caused a further drop in share price, but once the stock went over to the pink sheets and there was a new symbol (the "Q" means chapter 11) the stock shot up. .24 to .40 is a nice one-day gain at this stage. This is not unusual either. For those with some risk capital to play with, trading the stock during bankruptcy (going long and short) may not be a bad idea. In essence, when handed lemons, make lemonade!

Just don't be holding it when the company emerges from BK, as I expect the stock will then be worthless. Witness what happened with MESAQ (Mesa).

Best wishes to all at AA. :)