SOMETHING BREWING ? - United stock up strongly this morning

[satpak77]

United Airlines stock is up very strong this morning, and is outperforming all other competitors, for unknown reasons.

This is not a "airline thing" as all the others are up also, but so is most of the stock market. Again, United is outperforming BIG TIME the other stocks on a one-day basis. Plus with crude oil at $70, its not like oil is on sale either.

See chart, comparing UAUA to all others today

http://finance.yahoo.com/q/bc?t=1d&s=UAUA&l=on&z=m&q=l&c=amr,dal,luv,cal,lcc

Volume, halfway into the market day, is already almost its daily average.

Any intel on this?

 

[tzskipper]

United Airlines stock is up very strong this morning, and is outperforming all other competitors, for unknown reasons.

This is not a "airline thing" as all the others are up also, but so is most of the stock market. Again, United is outperforming BIG TIME the other stocks on a one-day basis. Plus with crude oil at $70, its not like oil is on sale either.

See chart, comparing UAUA to all others today

http://finance.yahoo.com/q/bc?t=1d&s=UAUA&l=on&z=m&q=l&c=amr,dal,luv,cal,lcc

Volume, halfway into the market day, is already almost its daily average.

Any intel on this?

I think CAL reported stronger PRASM/RASM numbers for last month...

Skipper

 

[BrickTop]

Up 20% now. But when you're at 4.00 a share 20% is minimal.

 

[gator_hater]

Up 20% now. But when you're at 4.00 a share 20% is minimal.

20% is 20%. You invested 10k yesterday now you have 12k today, not too shabby.

Are you one of those who doesn't know the difference between profit and profit margin??

 

[BrickTop]

20% is 20%. You invested 10k yesterday now you have 12k today, not too shabby.

Are you one of those who doesn't know the difference between profit and profit margin??

It's a profit but I was refering to a possible realm of "GOOD news"

 

[ualdriver]

http://finance.yahoo.com/news/United-Airlines-Reports-July-prnews-2929760274.html?x=0&.v=1

That's the only thing I've seen new for UAL. Last I checked, we still suck, so I'm not sure what the fuss is about!

 

[JimmyKool]

we still suck

 

[The Prussian]

I'd venture a guess that since weaker stocks are really hit hard in an economic recession...they're the ones that will bounce with a little more gusto when it appears that the economy is coming out of a recession, and economic worries are diminishing.

 

[JetMonkey]

Forget airline stocks. Look what Ford stock has done.. Up 427% since Feb 20th when it was a bare $1.57 a share.

 

[contrail67]

Up 20% now. But when you're at 4.00 a share 20% is minimal.

As stated above it is still 20%!...no matter how you look at it.
You would do yourself a favor and not type your lack of intelligence.

 

[contrail67]

Forget airline stocks. Look what Ford stock has done.. Up 427% since Feb 20th when it was a bare $1.57 a share.

gotta love 20/20 hindsight.

 

[Rez O. Lewshun]

HGH for stocks?

 

[labbats]

Forget airline stocks. Look what Ford stock has done.. Up 427% since Feb 20th when it was a bare $1.57 a share.

Do you remember the economic climate on Feb 20th? Particularly in the realm of domestic automotive companies? Very few sane people would have dropped $10,000 into Ford then.

 

[Raoul Duke]

wait till Airways announces they are selling the Shuttle to Delta. Stocks will be all over the place this week.

 

[SpauldingSmails]

I've heard traders refer to this as a "dead cat bounce" or a "dead man's bounce".

From Wikipedia...

A dead cat bounce is a figurative term used by traders in the finance industry to describe a pattern wherein a spectacular decline in the price of a stock is immediately followed by a moderate and temporary rise before resuming its downward movement, with the connotation that the rise was not an indication of improving circumstances in the fundamentals of the stock. It is derived from the notion that "even a dead cat will bounce if it falls from a great height".