AMR Insider stock sales

[Immelman]

Thought you airline guys would find this amusing. Here is a selection of the most recent news items on my 'my yahoo' aviation news list. This is about the biggest 'run on the bank' I've seen of insder sales in most any company I follow, airline or not.

[SIZE=-2] Major Airlines News [/SIZE]
[SIZE=-1]View: Latest News | Top Stories[/SIZE]
[SIZE=-1]Monday, Apr 21, 2008[/SIZE]
[SIZE=-1]·[/SIZE][SIZE=-1]AMR Corp. SVP sells 76,380 shares[/SIZE]
[SIZE=-2]AP - 20 minutes ago[/SIZE]
[SIZE=-1]·[/SIZE][SIZE=-1]AMR Corp. EVP sells 25,184 shares[/SIZE]
[SIZE=-2]AP - 23 minutes ago[/SIZE]
[SIZE=-1]·[/SIZE][SIZE=-1]AMR Corp. EVP sells 103,984 shares[/SIZE]
[SIZE=-2]AP - 24 minutes ago[/SIZE]
[SIZE=-1]·[/SIZE][SIZE=-1]Northwest Airlines Makes Travel Easier for Customers with Carry-on Pets[/SIZE]
[SIZE=-2]Business Wire - 31 minutes ago[/SIZE]
[SIZE=-1]·[/SIZE][SIZE=-1]AMR CEO sells shares[/SIZE]
[SIZE=-2]AP - 1 hour, 8 minutes ago[/SIZE]
[SIZE=-1]·[/SIZE][SIZE=-1]AMR CFO Horton sells 103,984 shares of company stock[/SIZE]
[SIZE=-2]AP - 1 hour, 21 minutes ago[/SIZE]

 

[geshields]

Wonder if they know something the rest of us do not?

That is one hell of a coincidence!

 

[AA717driver]

Naw. They just got their bonuses and are licking the crumbs off the plate.

They couldn't manipulate the stock to get the price up any higher. Better luck next year... TC

 

[BrazPilot]

Dumping stocks... Chapter 11 to follow....
Fasten your seat belts...

 

[SkiFishFly]

If they did all dump stocks because they knew ch 11 or something else was coming - Isn't that illegal??? Hasn't such action netted jail time for others?

 

[clippyrip]

If they did all dump stocks because they knew ch 11 or something else was coming - Isn't that illegal??? Hasn't such action netted jail time for others?

I freekin hope so! That sure does not look like a coincidence and it looks more like the rats are jumping ship before she sinks.

There is something rotten in Denmark!!!!!!!!!!

 

[glasspilot1]

If they did all dump stocks because they knew ch 11 or something else was coming - Isn't that illegal??? Hasn't such action netted jail time for others?

Ahhh, does Martha Stewart ring a bell?

 

[AA717driver]

People, people--calm down. The brass got their contractually agreed-upon bonuses and they are cashing in.

AMR may well file Ch.11 (it would solve a lot of their problems, none of which involve the financial health of the company...) but this is just 'profit-taking' while the market is up.

Arpey's plane needs an annual, Redding needs a new Porsche, Hetterman's got to pay the guy who props up his empty suit, Brundage has to pay Satan since the value of his soul is WAY below market price...

Nothing new here. TC