Big Jump In Lcc Stock!

[javaboy]

The only thing reported so far comes from the Sept financial report filed with the BK court:

"Total Consolidated Cash and Cash Equivalents Balance * $ 598,862,000
* Excludes cash held by America West Holdings and subsidiaries as of September 30, 2005"

Guess we'll have to wait a week to find out the rest.....

Jim

Perhaps because Air Canada (ACE holdings) indicated it now holds 7.5% of LCC???


"............ACE said its US$75 million investment for a 7 percent stake in US Airways Group Inc. (LCC.N: Quote, Profile, Research) , the low-cost carrier formed by the merger of US Airways and America West Airlines, has risen some US$50 million, or 67 percent............."

 

[Dog Wonder]

If the jump is a result of insiders looking to profit from information that is not public the SEC would raise its eyebrows.

Personally I am sure the bosses at the new LCC wouldn't be so greedy as to be criminals.

Maybe we will find out next Wednesday.

 

[FWAAA]

Obviously there were some big insider moves... When a stock goes up 10-11% in one day on no major public news releases, some one leaked numbers. With private equity groups owning most of the stock, I would not trust any market feedback.. Only operating cash flow figures, namely EBITDA will tell the honest tale. Once LCC posts 3Q results, Uncle 'ubwu' will work out some comparables to see how LCC stacks up. IMHO, if you were ever going to short a stock, the day after it went up 10% would be the day. This puppy is being manipulated like a vertabre in a chiropracter's office.. You know the game... Give a few i-banks some shares on the cheap, and have them pump it for you?? Nahhhhh no one would ever do that.

Oil falls under $60/bbl and the crack spread is finally narrowing; and yet you foster conspiracy theories about insider trading??

Nearly every airline has seen its stock skyrocket in the past several days. Your airline is finally out of bankruptcy and stands to benefit from dramatically lower gas prices. That's why its stock is rising.

 

[HPearlyretiree]

Investors buy on speculation, they sell on news.

 

[SoftLanding]

From my experience and observations over the years dabbling in the mkt, analyst upgrades don't mean diddly squat. I.E. They have no factual basis in reality, most of the time, and are merely meant as an attempt to make fast (and shady) money thru their brokerages.

Very astute observation.

Looking at charts of AAI, AMR, CAL and LUV, looks closer to a sell/short than long, as they have had a nice rise the last couple of months. JBLU is, so far, a laggard.

But they will most likely follow the markets up for the next few weeks.

SoftLanding

If the jump is a result of insiders looking to profit from information that is not public the SEC would raise its eyebrows.

Personally I am sure the bosses at the new LCC wouldn't be so greedy as to be criminals.

Maybe we will find out next Wednesday.

Done all the time, just look at the tracks the smart money is leaving...


SoftLanding

 

[luvthe9]

And why would they be upgraded. Fuel prices are not stable, the economy is soft, job market is terrible, ware in IRAQ still raging, and who in the hell is going to pay for katria and Rita?And the $7 billion for the Bird flu vaccine?

The reason was labor costs down capcity down and rising fares as per cnbc

 

[Dash-8-301]

Anouther reason for the jump was the fact that all the investors will stock options exercised those options when they came due Oct 15.