AirTran Stock down 35% !!!

[atldc9]

AAI trades on the NYSE. Been there for about 5 or six years.

 

[Lowrider717]

Could this tool, Ray Neidl, or the one who falsely reported AirTran as one who filed for Bankruptcy be liable for such reports?

...The run on the stock was apparently triggered by an afternoon Associated Press story that referred to a report early this week, by Calyon Securities analyst Ray Neidl, which suggested that Frontier and AirTran were both at risk of bankruptcy due to increased credit card company withholding.

 

[FIREMAN]

Do you even have a clue as to what the delisting proceedures are for the AMEX? Do you know what the AMEX is? Or why that might be important. If you are just being a flammer or trying to stir the pot then I guess you did it. But if you are serious then you need to educate yourself and not just spout off like an idiot.

-The AMEX has no minimum value for delisting
-After 30 days there is a 90 day observation period as well as opportunities for appeal before delisting.
-Most people on this website don't know their butt hole from a hole in the ground when it comes to business.

AAI is not listed on the AMEX, it is listed on the NYSE. Who has no clue?

You guys are to fast.

 

[Lear70]

for whatever reason major investors dumped stock today, with 12 million shares being traded, or 6 times the average volume.

this is not "in response" to Mesa or high oil, SOME underlying trigger event caused this

Not 6 times the average volume...

18 times the average volume (750,000 average, over 12 Million today).

At 3:00 there were about 650,000 shares traded. at 3:15, someone dumped over 11 MILLION shares on the market.

Within 5 minutes.

Only an institutional investor has that kind of stock to dump all at once.

The rest of the stock selloff after that was alarmist lemmings... not to mention it recovered 25% of its lowest point before the day was done and is back up quite a bit in after-hours trading as well.

Someone either decided to take advantage of another opportunity and AAI stock was the best to dump all at once, or someone knows something.

 

[TV9Driver]

sooo..... it sounds like Monday morning would be a good time to buy up some AAI stock...

looks like it was firesale based on bad rumors and misunderstandings....

 

[Colonel Savage]

Only an institutional investor has that kind of stock to dump all at once.

Agreed. Probably some short sighted hedge fund. Was Tiger holding a large position?

 

[Secret Squirrel]

I made a mistake, i did a quick search to see which exchange and it pulled up the Airtran website for data from 2003, plus I am drunk. But the delisting proceedures are even harder on the NYSE. After 30 days of below one dollar it takes a company 6 months or more to get delisted.

People just like to stir the pot, and that is what happened on a grander scale in afternoon trading. Rumors caused a huge sell off. Everybody is so damn jittery wondering when the next airline is going to tank.

Enough fear in the market could actually make a company go file, kind of like Frontier.

 

[Ty Webb]

Don't know about the Institutional Shareholders, but an intial sell-off could have triggered a bunch of "stops" (automatic "sell" instructions based upon a stock reaching a certain low point.

 

[f9r]

Last night at about 7:30 we were flying into DEN talking about the great opportunity of getting some more stock under two bucks. I was seriously thinking of buying this morning but the news hit before the markets opened.
Monday morning would defenitely NOT be a good time to buy this or any other airline stock.

 

[Colonel Savage]

Last night at about 7:30 we were flying into DEN talking about the great opportunity of getting some more stock under two bucks.

I hope your company sues the cra@ out of First Data for damaging the finances and marketability of your company.

DON'T LET THE THIEVING B@ST@RDS GET AWAY WITH IT!!!

 

[jester757]

sooo..... it sounds like Monday morning would be a good time to buy up some AAI stock...

looks like it was firesale based on bad rumors and misunderstandings....

Sure, if you want to piss away some cash. Buy airline stock (anyone's) right now...you are nuts.

 

[71driver]

I have said it before Orlando is clueless they are hoping a knight in shining amore comes in to buy us because they don't know how to operate us they are in over their head!

 

[satpak77]

Do you even have a clue as to what the delisting proceedures are for the AMEX? Do you know what the AMEX is? Or why that might be important. If you are just being a flammer or trying to stir the pot then I guess you did it. But if you are serious then you need to educate yourself and not just spout off like an idiot.

-The AMEX has no minimum value for delisting
-After 30 days there is a 90 day observation period as well as opportunities for appeal before delisting.
-Most people on this website don't know their butt hole from a hole in the ground when it comes to business.

Uh, AAI trades on the NYSE, not AMEX.

Thought I would point that out for you....and yes, I know what I am talking about.

But your concern is noted.

 

[satpak77]

Not 6 times the average volume...

18 times the average volume (750,000 average, over 12 Million today).

At 3:00 there were about 650,000 shares traded. at 3:15, someone dumped over 11 MILLION shares on the market.

Within 5 minutes.

Only an institutional investor has that kind of stock to dump all at once.

The rest of the stock selloff after that was alarmist lemmings... not to mention it recovered 25% of its lowest point before the day was done and is back up quite a bit in after-hours trading as well.

Someone either decided to take advantage of another opportunity and AAI stock was the best to dump all at once, or someone knows something.

Good post Lear70. Someone on flightinfo actually knows what they claim to talk about for once. (What a concept)

 

[instructordude]

Maybe some fpeople have inside knowledge that Airtran is going to merge and purposely drove down the stock price, using the Frontier Bankruptcy as an excuse. They get more stock when the price is down and when the merger is announced the stock goes way up and they make a lot of money? I don't know, it wouldn't suprise me what some people are up to.