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SOMETHING BREWING ? - United stock up strongly this morning

satpak77

Marriott Platinum Member
Joined
Dec 2, 2003
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5000+
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

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Joined
Jun 12, 2004
Posts
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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
 

gator_hater

Well-known member
Joined
Oct 12, 2005
Posts
304
Total Time
enough
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

Well-known member
Joined
Jan 26, 2006
Posts
554
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"
 

The Prussian

Stecknadelkopf
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Oct 24, 2005
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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

It's ok, I speak Jive
Joined
May 20, 2004
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Forget airline stocks. Look what Ford stock has done.. Up 427% since Feb 20th when it was a bare $1.57 a share.
 

labbats

Zulu who?
Joined
May 25, 2003
Posts
2,593
Total Time
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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

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

SpauldingSmails

Aboard the sloop.
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Aug 26, 2005
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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".
 

LawReview

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Aug. 4 (Bloomberg) -- United Airlines parent UAL Corp. led the Bloomberg U.S. Airlines Index toward its longest climb as increased travel demand signaled the worst of the industry’s slump has ended.
UAL rose 79 cents, or 19 percent, to $5 at 4 p.m. in Nasdaq Stock Market trading, the biggest climb since Feb. 23. The airline pulled the group of 12 carriers up 4 percent for its ninth straight gain, the most since its creation in June 1999.
Traffic on UAL’s main jet operations slid 6.5 percent for July, the smallest drop in 11 months, as fare sales enticed vacationers to fly. Chicago-based UAL said its planes were 2.7 percentage points more full on that basis in July as it cut available seats by 9.4 percent.
“There’s generally broader optimism on the economy,” said Hunter Keay, an analyst at Stifel Nicolaus & Co. in Baltimore. “UAL is a good cyclical play on the economy. It’s not as risky as some, but still risky enough to give a better comfort level in the shift” toward economic recovery.
The biggest U.S. airlines have posted traffic declines for 13 straight months amid the worst slump since 2001-02 as business travel plunged in the recession.
Continental Airlines Inc.’s traffic, as measured in miles flown by paying passengers, fell 3.4 percent in July. The Houston-based carrier said yesterday that revenue for each seat flown a mile fell no more than 18.5 percent, the best results since April.
“Investor expectations are in the process of bottoming,” William Greene, an analyst at Morgan Stanley in New York, wrote today in a note to clients.
 
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