Lol reminds me of the national lampoon Vegas scene, tell ya what, why don't you give me all the money you have, we can go out back, I can kick you in the nuts and we will call it a day lol

On an even funnier note I see Anderson sold 3mil in delta the day before the bk was reported, but he still holds what some 30 mil in delta, so maybe just coincidence

I 've been researching this for a few days. In all but a few cases, the common stock was zeroed out. American's sham bankruptcy in 2011 was a notable exception. Those who held or bought AMR stock in bankruptcy were rewarded nicely. Republic is in a similar situation in that they have money and just want to shed contracts. Good luck.

My broker is E F Hutton and E F Hutton says.....Oh wait...Umm just a second. Sorry flashback to 1979.

I did well off the AMR bankruptcy. I ended up making 80k off a very little investment. I was extremely lucky. Everyone called me an idiot for rolling the dice. It was all in my Roth IRA so I didn't have any tax consequences either luckily. I would say your odds are 50/50 since this bankruptcy will be more about restructuring debt and employee contracts. $700 for 1,000 shares could make you a bundle. Time will tell. Good luck!

50/50 eh? I'd say historically the common has been wiped out a lot more than 50% of the time. In fact, of all the airline bankruptcies in the last 15 years, AMR is the only one that I know of that turned out to be a lucky investment.

I'll weigh in on this....first, a price chart....

http://s9.postimg.org/v3d6bwfsv/rjet2.jpg


If you are considering RJET for an investment, don't. It's not an investment play.

This is STRICTLY a trading play. What's the difference?

Buying and holding a stock (usually for x # of years) is an investment.
Buying a stock to sell it in a defined timeframe (less than a year, usually) is a trade.

Right now...as a TRADE...RJET is a good candidate. Notice that, had you bought it near it's recent low in the past few trading sessions, you would be up approx. 34% as of today's close. That is damn good $$, percentage-wise. It has room to move up substantially more than that at present. Will it? Who knows. But there is reason to think it could go as high as $1.50...which is over 100% from it's current lows.

So, a few suggestions for novice traders who may try to trade RJET.

1. Remember, this is NOT an investment stock. It is a trading play.

2. DO NOT trade with money you cannot afford to lose. EVER. Limit yourself strictly to $$ you can afford to lose if the trade goes against you.

3. Set a profit limit. What this means is that you will decide when you will sell the stock BEFORE YOU BUY IT. In other words, "I will sell when I make 50%", or whatever your profit target is. WARNING: anything more than 100% is pure greed and is almost always burned in a trading play. If you double your money, take the profit and be satisfied.

4. Under no circumstances do you want to be holding this stock when the case gets to court. THIS IS A SHORT TERM PLAY ONLY!

5. I would suggest that, at most, you are looking at a 2-3 week window of opportunity here. Anything beyond that...in this case...really is gambling, not trading.

Good luck. I will revisit this when there is more to say.

This is pure speculation and as such it is very risk ON. I would ask, how much am I willing to lose, and bet that amt. Also take half your profits at 50% gain. The other thing is, the stock could simply be de-listed altogether which means you lose it all; you can't even let it ride.

Whenever a stock like this tanks, there are people who hold it to the bitter end, unwilling to take any loss and they hold in hope mode. That is overhang. As soon as the stock goes up, those people will suddenly say, oh I can get some money back or I can reduce my loss and they will sell. This causes immense selling pressure which drives down a dog stock like this.

This made me smile.

These are people in denial, and why the share price doesn't immediately go to zero. I can guarantee you the financials have already dumped it.

Haters gonna hate! RJET closed up 34% today l