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View Full Version : AMR opens for trading 77% lower


satpak77
11-29-2011, 06:19 AM
AMR: Summary for AMR Corporation Common Stock- Yahoo! Finance (http://finance.yahoo.com/q?s=amr&ql=1)

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


tsquare
11-29-2011, 06:25 AM
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.

Elvis90
11-29-2011, 06:26 AM
Same thing happened to Frontier's stock following bankruptcy, and the subsequent acquisition by Republic.


satpak77
11-29-2011, 06:37 AM
they just became 77% cheaper for takeover and buy-out

Boogie Nights
11-29-2011, 08:16 AM
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.

Av8tion
11-30-2011, 01:11 PM
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...

tsquare
11-30-2011, 03:12 PM
they just became 77% cheaper for takeover and buy-out

eh not really... just because the stock price is less doesnt erase that debt.... yet.