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ITSALLGOOD 04-01-2008 07:26 PM

F9 stock fell over 16% today. It was down 32% at one point. This on a day when the market was up almost 400 points and every other airline was up. Why?? Usually a drop like that comes on some sort of bad news...but I can't find anything. F9 guys, what happened??

sweettails 04-02-2008 07:44 AM

Someone dumped a ton of shares that morning in less than 10 minutes. This is pretty usual for this stock. They wait until it climbs to around $2.60 then dump it, and buy again at around $2.25 and do the whole thing over again. A .35 cent difference means a lot when you are selling 100,000 to 500,000 shares at a time. Either that or WN announced another flight to Amarillo, which with the way Wall Street reacts I am surprised we were not forced to declare bankruptcy. ;)


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