UAL getting HAMMERED...
09-08-2008, 07:59 AM
#11
Gets Weekends Off
Joined APC: Sep 2006
Posts: 787
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.
09-08-2008, 08:06 AM
#12
Gets Weekends Off
Joined APC: Aug 2008
Position: Moving backwards
Posts: 220
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
http://www.fltnews.com/news/2008/sep...al_shares.html
09-08-2008, 08:08 AM
#13
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,253
Originally Posted by Splanky
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
http://www.fltnews.com/news/2008/sep...al_shares.html
09-08-2008, 08:09 AM
#14
Line Holder
Joined APC: Jul 2008
Posts: 77
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......
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......
09-08-2008, 08:18 AM
#15
APC co-founder
Joined APC: Feb 2005
Position: B777
Posts: 5,853
Originally Posted by rickair7777
Somebody lost a lot of money today...
09-08-2008, 11:23 AM
#17
Gets Weekends Off
Joined APC: Aug 2006
Posts: 1,819
Originally Posted by IFlyForFood
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......
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......
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.
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