UAL trading at $43

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01-27-2006, 05:33 PM

WatchThis!

Da Man

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UAL trading at $43

In "pink sheet" trading UAL (NASDAQ UAUAV) is trading at $43. I think A LOT of shares will trade hands next week.

http://quotes.nasdaq.com/asp/summary...selected=UAUAV

01-27-2006, 08:46 PM

Typhoonpilot

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Quote:

Originally Posted by WatchThis!

In "pink sheet" trading UAL (NASDAQ UAUAV) is trading at $43. I think A LOT of shares will trade hands next week.

http://quotes.nasdaq.com/asp/summary...selected=UAUAV

Yes, but look at UALAQ.OB to see what will happen to the new stock in time. I can't see UAUAV as a good investment until they show some profit. Maybe that is what you mean, if so, nevermind.

Typhoonpilot

01-27-2006, 11:57 PM

HSLD

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Position: B777

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Quote:

Originally Posted by Typhoonpilot

Yep, the UALAQ.OB shares will be canceled, if you have 'em...it's time to sell everyone! The $17B loss is shedding the debt from the old company (on paper). The creditors of the current company will be paid in the range of $.04 - .09 cents on the dollar in stock of the new company. UAL will show a profit in 2006, IMO. In fact, I think they'll show some strong profits.

I agree that almost ALL airlines are bad investment, but there is some short term money to made in the trades as the stock open on Wed.

01-28-2006, 04:06 AM

Freighter Captain

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I agree with ya HSLD. That's why I'm buying in BIG, albeit with an 8% stop-loss set. That would be great if UA is profitable in '06. It's about time a legacy turned the corner.

01-28-2006, 06:13 AM

Daytripper

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I believe I read where they need $50 bbl oil to be profitable. Maybe Hastert can pull a few strings again in that area. If the price of oil does fall to around 50, I think AA and CAL will be profitable also. Bodes well for everybody.

01-29-2006, 10:40 AM

Typhoonpilot

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Quote:

Originally Posted by HSLD

I hope you are right. It would be good to see a legacy making money again, then maybe this constant attack on the Terms and Conditions of the pilot profession will let up.

TP