On a lighter-hearted note, I think it's crazy how CNBC and CNN used footage of United Express CRJs during their piece on the rumors and erratic trading of the stock (I believe they were Mesa ones no less)...it won't help when Mesa has another cluster in DEN or ORD this winter and the media tries to say "United Airlines" had a cluster, instead of letting the public know it was a contractor called Mesa that screwed up.

Looks like this all started with a media mistake. I wonder what the newspaper's response is going to be.

http://www.fltnews.com/news/2008/sep...al_shares.html

Somebody lost a lot of money today...some journalist should probably move his assets to the bahamas this afternoon.

I am SO not the financial/stock guru, I am in the stages of trying to learn more and more (thanks to some of you fine folks) about the stock market, but it doesn't take a rocket scientist to figure out that something is fishy here.

CNBC said the drastic fall and subsequent halting of UAUA trading had to do with an old article on their Chp. 11 filing.

How the hell could a stock go from $12.94 to $.01 and halted trading on the news of an OLD article resurfacing, if some truth to them filing an 11 isn't true. And, like someone else said, if it ISN'T true, someone's in deep doo-doo this morning.

But what do you guys think happened, really? I'm curious......

Yeah, with that kind of freefall it appears that the institutional shareholders sold on programed trading. "To all the mutual fund shareholders - sorry!"

Wish I would have purchased 100$/10,000 shares at 0.01... That's a quick 90K

The Sun Sentinel reposted the old Ch.11 article on their website but CHANGED the date to today!!!

It did not affect the stock until the news was repeated around the system until it wound up on Bloomberg. Of course after that ----------- BAM .01 cent.

Lawsuits a comin.........

And anybody that wished they could of made some serious cash on the stock - the price will be backed up until before the start of the freefall.

I heard on cnn that a journalist reposted an article about the bankruptcy from years ago and a lot of folks took it as current. thats what led to the whole selling frenzy.

I could not get my e*trade account fired up fast enough to do exactly that.

Didn't matter, I think when trading resumed it was around the $11 mark.