we're not making things up. might be good for a short bounce but once they leave bankruptcy the current shares will be canceled (as UAL has stated in their filings) and new shares will be issued. current equity holders get nothing in the reorg like kenken stated.
Posted by JL on :
It was good for a 20% bounce so far. I hope you made 20% today on any of your investments. I dont plan to hold for a longterm as I can read news and see the Q in the symbol too. But the bounce play was no brainer.
Posted by metal1 on :
a little defensive are we? nice call on the 4 cent move. good luck. check out AOB. i first mentioned it back in sept 2004 at $1.5 (a little early). was AOBO then. now $5. might still go higher i think. dips have been good buying opps. good growth for the future and up nicely today.
Posted by JL on :
took 40% and im out .49. Thanks "worthless stock" =)
Posted by metal1 on :
i dont know why you were so defensive. i never said you couldn't make money on it. AOB up again today. might be getting a little topped out now though.
Posted by JL on :