AMR opens for trading 77% lower

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AMR: Summary for AMR Corporation Common Stock- Yahoo! Finance

FYI: below $1 trading for extending time (30+ days) can result in NYSE delisting
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LOL.. I think it's headed for de-listing well before 30 days. Right now the short sellers are covering.. After that dust settles.. the stock isn't even low grade toilet paper.
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Same thing happened to Frontier's stock following bankruptcy, and the subsequent acquisition by Republic.
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they just became 77% cheaper for takeover and buy-out
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Sold my stock 6 weeks ago after talking to an AA FO. He obiviously saw this coming. I talked to an AA capt 2 days later (after I sold the stock) he thought this would never happen. I was wondering if I had made the wrong decision and should have stuck it out. I guess I was right to listen to the FO.
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I was on APC a few months ago talking stock with some of the guys here... talking about how they put a bunch of money in AMR hoping it would pop following bankruptcy denials and all that jazz... chilling to think how much money a lot of people just lost overnight on Tuesday...
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Quote: they just became 77% cheaper for takeover and buy-out
eh not really... just because the stock price is less doesnt erase that debt.... yet.
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