AMR opens for trading 77% lower

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11-29-2011, 06:19 AM

satpak77

Working weekends

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Joined APC: Jul 2005

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Posts: 2,384

AMR opens for trading 77% lower

AMR: Summary for AMR Corporation Common Stock- Yahoo! Finance

FYI: below $1 trading for extending time (30+ days) can result in NYSE delisting

11-29-2011, 06:25 AM

tsquare

No longer cares

Joined APC: Mar 2008

Position: 767er Captain

Posts: 12,109

LOL.. I think it's headed for de-listing well before 30 days. Right now the short sellers are covering.. After that dust settles.. the stock isn't even low grade toilet paper.

11-29-2011, 06:26 AM

Elvis90

On Reserve

Joined APC: Jul 2008

Position: MSP7ERB

Posts: 1,886

Same thing happened to Frontier's stock following bankruptcy, and the subsequent acquisition by Republic.

11-29-2011, 06:37 AM

satpak77

Working weekends

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Joined APC: Jul 2005

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Posts: 2,384

they just became 77% cheaper for takeover and buy-out

11-29-2011, 08:16 AM

Boogie Nights

Gets Weekends Off

Joined APC: Oct 2006

Position: KC135 IP

Posts: 398

Sold my stock 6 weeks ago after talking to an AA FO. He obiviously saw this coming. I talked to an AA capt 2 days later (after I sold the stock) he thought this would never happen. I was wondering if I had made the wrong decision and should have stuck it out. I guess I was right to listen to the FO.

11-30-2011, 01:11 PM

Av8tion

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Joined APC: May 2010

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Posts: 435

I was on APC a few months ago talking stock with some of the guys here... talking about how they put a bunch of money in AMR hoping it would pop following bankruptcy denials and all that jazz... chilling to think how much money a lot of people just lost overnight on Tuesday...