UAL bankrupt...rumor!

[stall022]

<IMG class=pixelTracking height=1 width=1 border=0>UAUA 0.01, -12.29, -99.9%) shares were halted Monday following rumors that the airline holding company was filing for bankruptcy, a rumor UAL said was completely untrue. An old news item on United Airlines seeking bankruptcy inadvertently resurfaced on a Web site, triggering a sell-off that wiped out 99% of the company's share price, CNBC reported. Shares of UAL last traded at a penny a share, down 99.9%

 

[goodgig]

Inconceivable!

 

[135Drvr]

Not good news either way:


NEW YORK (MarketWatch) -- UAL Corp. (UAUA:
ual corp com new
News, chart, profile, more
Last: 0.01-12.29-99.92%
11:07am 09/08/2008
Delayed quote data
UAUA 0.01, -12.29, -99.9%) shares were halted Monday following rumors that the airline holding company was filing for bankruptcy, a rumor UAL said was completely untrue. An old news item on United Airlines seeking bankruptcy inadvertently resurfaced on a Web site, triggering a sell-off that wiped out 99% of the company's share price, CNBC reported. Shares of UAL last traded at a penny a share, down 99.9%.

 

[RiddleEagle18]

somebody just lost a ton of money and somebody else is gonna double their money pretty quickly if these rumors are proved untrue. All on a rumor!

 

[ROSWELL41]

Buy UAUA!!!!!!!!

 

[GINCHBLASTER]

so when they start the trading again can I buy stock at the new price of 1 cent?

 

[goodgig]

so when they start the trading again can I buy stock at the new price of 1 cent?

Would you sell at that price knowing the story?

 

[On Your Six]

Tilton is probably crying in his caviar!!!!!!!!!! Wanna bet many lawyers are salivating right now? Can someone say lawsuit against the newspaper????

 

[Turtlesfly]

Would you sell at that price knowing the story?

I'm sure somebody had automatic triggers that say "when price gets to X, auto-sell." Looks like they obviously went below that.

 

[stall022]

so when they start the trading again can I buy stock at the new price of 1 cent?

it last traded at $8.92 so i guess it would start at that price when it opens again. it still might be a good deal if you trust that it is all just rumors

 

[wmuflyguy]

so when they start the trading again can I buy stock at the new price of 1 cent?

It is now 8.97

 

[Smacktard]

somebody just lost a ton of money and somebody else is gonna double their money pretty quickly if these rumors are proved untrue. All on a rumor!

Only 2000 shares were sold at 0.01, so, someone made a little money but that's it.

 

[Q400 Gear Bitch]

UAL stock trading has been halted and the stock sits at $ .01

Not sure where you get your info. This from yahoo.finance.com

UAL Corporation (UAUA)At 11:27AM ET: 8.97

3.33 (27.07%)

 

[Metro752]

http://www.bloomberg.com/apps/news?pid=20601103&sid=aVTYI5K9EDsQ&refer=us

 

[contrail67]

the stock is now down 99.92% to $.01

Not any more...so sad you get to eat this too.