UAL bankrupt...rumor!

[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.

 

[wmuflyguy]

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%)

My brokerage website at the time(also CNBC put up the chart). It is now 8.97, I posted that about 20 minutes ago

 

[whatitdoing?]

News is reporting that UAL's Chapter 11 filing is pending.......wtf? What the hell happened since I got back from work? Looks like some sort of wrong report?

 

[Metro752]

A lot of United lawyers scrambling in Chicago during the lunch hour.

 

[Metro752]

http://finance.google.com/finance?q=NASDAQ:UAUA&hl=en

$11.69 UAUA

 

[JA'd]

This whole incident pretty much sums up why the price of oil and airline stocks are the way they are. Everyone wants to put out news as soon as possible without checking dates accuarcy etc.. so as to make the stocks move. These knee jerk reactions are what are helping screw us all.

 

[freeflyer14]

This whole thing is something straight out of "Wall Street".

"Blue horse shoe loves anacot steel."

 

[Raskal]

Somebody just made a boatload of cash. Wonder if we'll ever hear who.

 

[Fly2AK]

As you may be aware, an article appeared on a newspaper’s website with today’s date but with UAL bankruptcy news from 2002. This prompted a sell-off and a cessation of trading of UAUA stock this morning. This bankruptcy news is completely and totally false as it relates to United Airlines. An investigation has begun. Please read the United Airlines press release for further information

 

[brokedash]

Somebody just made a boatload of cash. Wonder if we'll ever hear who.

Any takers that Tilton and the Tribune were both behind this and the split the profits?

 

[Poahi]

Any takers that Tilton and the Tribune were both behind this and the split the profits?

You can be assured that the trades will be analyzed and if there was improper conduct, it will see the light of day. On the other hand, if you were smart and bought UAUA at less than a buck, you could quit working for the airlines.

United traders about about as jittery as their lenders.