Uair Trading At $1.00 Post Chap 11 Filing

[usair_begins_with_u]

Who is buying this POS right now??? I mean... IF, and thats a big IF right now, the company makes it out of BK, last time they emerged from BK they canceled all the common stock and issued no new shares to the old share holders.. see link: http://investor.usairways.com/faq.cfm

what dont I get here.. ?

:blink:

 

[PHL]

Because as it continues on a downward spiral, lots of people are making money shorting the stock in day trading. I thought about doing it when it was at $2.25 just a week or two ago. If I had shorted 1000 shares at $22,500, I'd now be about $12,000 richer(at a price of about $1/share).

 

[usair_begins_with_u]

Because as it continues on a downward spiral, lots of people are making money shorting the stock in day trading. I thought about doing it when it was at $2.25 just a week or two ago. If I had shorted 1000 shares at $22,500, I'd now be about $12,000 richer(at a price of about $1/share).

[post="179550"][/post]​

I dont know of any broker will let anyone short a stock under $5... Trust me, I have looked.

 

[jimntx]

It's down to 92 cents at 1354. If it closes below a dollar, is the NASDAQ de-list automatic or do they have some time to get it back up over a dollar?

 

[usair_begins_with_u]

It's down to 92 cents at 1354. If it closes below a dollar, is the NASDAQ de-list automatic or do they have some time to get it back up over a dollar?

[post="179562"][/post]​

No.. the nasdaq might not pull it right away just because <1$ , but it will add a .q to the end of ticker symbol, thats for sure.

uair.q

 

[Severed-N-Happy]

Some people made a sheetload of money today day trading this sucker. It went down as low as 70 cents early this morning and traded as high as 1.10 later this afternoon..anyone who bought low/sold high at a max range between those figures made as much as 50 percent profit in one day.
10k shares bought at 75 cents today and sold at 1.05 a short time later would have netted this person 3000 bucks. 20k shares would be double that profit...etc etc.
American brokers can't short this stock but Canadian and offshore ones can. Delisting potentially occurs only after many months at below a dollar close.