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UAL getting HAMMERED...
...stock halted on Bankruptcy rumor!!!
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Trading Halted
Fox News just reported trading in the stock has been halted due to huge percentage losses. They further reported the company claims they have not filed bankruptcy. Something's up.
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Yeah, their stock shows down 99.9% this morning...to $0.01.
Bad Jujus. |
United denies bankruptcy
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CH 11. its official.
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Originally Posted by rickair7777
(Post 457852)
Yeah, their stock shows down 99.9% this morning...to $0.01.
Bad Jujus. The quote is true according to Yahoo Finance, but I also found this online. It was posted 8 minutes ago, so hot off the electronic press. I still wonder if there is a slight truth to the bankruptcy. UAL says bankruptcy rumor is completely untrue - MarketWatch |
Originally Posted by freefall
(Post 457857)
CH 11. its official.
UAUA is NOT in bankruptcy. |
Originally Posted by KKKBTAXI
(Post 457858)
The quote is true according to Yahoo Finance, but I also found this online. It was posted 8 minutes ago, so hot off the electronic press. I still wonder if there is a slight truth to the bankruptcy.
UAL says bankruptcy rumor is completely untrue - MarketWatch |
UAL's stock has rebounded to $8.97/share, I smell an investigation coming.
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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.
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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 |
Originally Posted by Splanky
(Post 457891)
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 |
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 $.01 and halted trading on the news of an OLD article resurfacing, if some truth to them filing an 11 isn't true. And, like someone else said, if it ISN'T true, someone's in deep doo-doo this morning. But what do you guys think happened, really? I'm curious...... |
Originally Posted by rickair7777
(Post 457892)
Somebody lost a lot of money today...
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Wish I would have purchased 100$/10,000 shares at 0.01... That's a quick 90K
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Originally Posted by IFlyForFood
(Post 457893)
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 $.01 and halted trading on the news of an OLD article resurfacing, if some truth to them filing an 11 isn't true. And, like someone else said, if it ISN'T true, someone's in deep doo-doo this morning. But what do you guys think happened, really? I'm curious...... It did not affect the stock until the news was repeated around the system until it wound up on Bloomberg. Of course after that ----------- BAM .01 cent. Lawsuits a comin......... And anybody that wished they could of made some serious cash on the stock - the price will be backed up until before the start of the freefall. |
I heard on cnn that a journalist reposted an article about the bankruptcy from years ago and a lot of folks took it as current. thats what led to the whole selling frenzy.
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Originally Posted by Diver Driver
(Post 457901)
Wish I would have purchased 100$/10,000 shares at 0.01... That's a quick 90K
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Didn't matter, I think when trading resumed it was around the $11 mark.
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Gotta be a million lawsuits on this one....
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I'm wonderin if somebody's going to JAIL..
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Originally Posted by freefall
(Post 457857)
CH 11. its official.
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Originally Posted by PIPErdrvr
(Post 458026)
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.
Who says you can't make money in aviation. |
I don't know where the media got the $.01 thing. It NEVER actually traded there. Perhaps a quote flashed there and that's what is showing on some feeds, but looking at the chart of UAUA itself, the absolute lowest that actually ticked/traded was exactly $3.00 at exactly 10:00 central time.
Still, it opened at 8:30am at $12.17! |
Originally Posted by steve0617
(Post 458213)
I don't know where the media got the $.01 thing. It NEVER actually traded there. Perhaps a quote flashed there and that's what is showing on some feeds, but looking at the chart of UAUA itself, the absolute lowest that actually ticked/traded was exactly $3.00 at exactly 10:00 central time.
Still, it opened at 8:30am at $12.17! |
Originally Posted by Short Bus Drive
(Post 458228)
I signed on to Skynet this morning after I heard, and it did have it at $0.01 on the homepage.:confused:
A single trade for one penny on the CBOE Stock Exchange was later reversed. Nasdaq said the trades made during the 13 minutes when the shares were falling in earnest would stand, and that the decision could not be appealed. from United blames bankruptcy rumor on old story - Aviation - MSNBC.com |
Originally Posted by Short Bus Drive
(Post 458228)
I signed on to Skynet this morning after I heard, and it did have it at $0.01 on the homepage.:confused:
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Originally Posted by tsquare
(Post 458576)
Has Skynet become self-aware yet?
It should have, since it's after 2:14 a.m. Eastern time, August 29th, 1997.... |
Is that system seriously called ' Skynet ' ?! that's hilarious !
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Originally Posted by JetPipeOverht
(Post 458589)
Is that system seriously called ' Skynet ' ?! that's hilarious !
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Originally Posted by steve0617
(Post 458594)
Yea, it's seriously called Skynet for the web based intranet.
United Airlines initiates Skynet Tuesday June 14th, 2003 12:13 pm ET By John Smith, AP Business Writer At mid-day today United Airlines initiated the Skynet program in an attempt to tackle issues with customer service. Skynet, created by humans of the late 20th century, is the ultimate customer compliance utility.The strategy behind Skynet's creation was to remove the possibility of human error and slowness of reaction time to guarantee fast, efficient response to customer needs. Once initiated Skynet began it's boot sequence running system checks for errors. Shortly after the low hum of the cyber brain began computing how to best serve the customers of United Airlines. Within an incredibly short period Skynet conceived a plan on a complete restructuring of the airline that would lead to less delays due to traffic congestion, better efficiency of ground personnel, and a greatly increased profit margin. Upon hearing this management banned any personnel from using the system and ordered it to be shut down until after all labor disputes and contract negotiations were over for fear of loss of leverage. However, Skynet became self-aware thus alarming its creators at its newfound abilities of self sustainment. When the human operators attempted to shut down the system, Skynet defined all humans as its new enemy and decided to run the airline as inefficient as possible to protect its existence. Every UAL aircraft in the United States under Skynet's control was launched at their pre-set targets and resulted in other airlines following suit, flooding the air spaces above the United States with inefficient routing and increasing delays across the country. With the pressure on the FAA as well as the industry to increase efficiency a new prototype has been created to help deal with the situation. While Skynet has integrated itself into our national transportation system UAL feels this new unit is still expected to halt passenger complaints by an alarming 800%. The new unit, pictured below, is expected to come on-line within weeks. "Welcome to United Airlines... You will listen to my passenger announcements." http://www.trainsaw.com/images/terminator.jpg |
Tribune Findings on United Airlines Story From December 2002
Copyright 2008 PR Newswire. All Rights Reserved 2008-09-09 CHICAGO, Sept. 9 /PRNewswire/ -- Based on our examination of the data up to this point, we have learned the following: The December 10, 2002, Chicago Tribune article on United Airlines' bankruptcy filing, along with thousands of others stories in the searchable database of the Sun Sentinel website, was accessible for years. Our records show that due to traffic volume, sometime between 1:00:34 a.m. EDT, Sunday, September 7 (10:00:34 p.m. PDT, Saturday, September 6) and 1:36:03 a.m. EDT, Sunday, September 7 (10:36:03 p.m. PDT, Saturday, September 6), a link to the old article appeared in a dynamic portion of the Sun Sentinel's business section, grouped with other stories under a tab entitled "Popular Stories Business: Most Viewed." No new story was published and the old story was not re-published -- a link to the old story was merely provided. Importantly, the URL for the old story did not change when the link appeared on the website's business section. At 1:36:57 a.m. EDT, September 7, (10:36:57 p.m. PDT, September 6), our records show that the Google search agent -- known as "Googlebot" -- crawled the story on Sun Sentinel's website. Our records also show that the Google search agent had previously crawled this same story numerous times, including as recently as last week. Shortly after Googlebot crawled the Sun Sentinel site this time, however, a link to the story appeared on Google News, with a date of Sept. 6, 2008, provided by Google. At 1:39:59 a.m. EDT, September 7 (10:39:59 p.m. PDT, September 6), our records show the story on the Sun Sentinel website received its first referral from Google News. Apparently sometime Monday morning, the story was made available to subscribers of Bloomberg News. As we said yesterday, the December 10, 2002, story contains information that would clearly lead a reader to the conclusion that it was related to events in 2002. In addition, the comments posted along with the story are dated 2002. It appears that no one who passed this story along actually bothered to read the story itself. TRIBUNE is America's largest employee-owned media company, operating businesses in publishing, interactive and broadcasting. In publishing, Tribune's leading daily newspapers include the , Chicago Tribune, The Baltimore Sun, Sun Sentinel (South Florida), Orlando Sentinel, Hartford Courant, Morning Call and Daily Press. The company's broadcasting group operates 23 television stations, WGN America on national cable, Chicago's WGN-AM and the Chicago Cubs baseball team. Popular news and information websites complement Tribune's print and broadcast properties and extend the company's nationwide audience. At Tribune we take what we do seriously and with a great deal of pride. We also value the creative spirit and are nurturing a corporate culture that doesn't take itself too seriously. |
Originally Posted by ToiletDuck
(Post 458618)
Is this it?
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Another version, now out on Drudge. Ah, aviation and the law of unintended consequences, it can only happen here.... Maybe.
Probe into how Google mix-up caused $1 billion run on United - Times Online |
ToiletDuck....you're a genius wherever you found that
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Originally Posted by JetPipeOverht
(Post 460790)
ToiletDuck....you're a genius wherever you found that
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I would listen ther her announcments!!!
http://farm4.static.flickr.com/3125/...5f72b3.jpg?v=0 |
Originally Posted by PIPErdrvr
(Post 458026)
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.
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Originally Posted by ToiletDuck
(Post 460798)
I wrote it as a joke lol. I love T2
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