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It's called a short squeeze. The hedge funds start buying shares low thus forcing all the shorts to cover. It feeds on itself. I have my doubts it would be something positive, but if it is we should know something this week.mt2 said:Wow, big day Friday. Over 1 million shares traded of ATAH. What the heck is going on here ?? Anyone hear anything out there ??
have patience.. its coming soon. some of us have been sworn to secrecy, but you will know soon enuff.English said:I wonder how Aloha fits into this picture...we have rumors flying about someone buying us as well. We are in the process of selling off cargo and contract services, and we are already beginning the shedding of interisland flying. All that would be left (and lucrative) is the -700 ETOPS flying.
America Aloha Trans Air West? Has a ring to it, doesn't it?![]()
HAL said:The rumors are flying thick and hot here at AWA too. They're about a lot more 757's on the property soon. Since the '57 is out of production, we'd have to be getting them from some other carrier (hint, hint). In the last vacancy bid, several senior check airmen types switched over from the Airbus to the '57 for no apparent reason too. We are working on ETOPS for the 757 fleet with hopes of starting Hawaii service in 2006. However our current '57s are too old to make it through, so we must be getting more soon. Also, the instructors have been told to get ready for a large hiring cycle soon. Just some things to think about.
HAL
Don't play like that, let's have it!NAA Pilot said:Heard some intesting rumors on our property regarding ATA. We'll see!