UndauntedFlyer
Ease the nose down
- Joined
- Feb 26, 2006
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UAL United shares opened Monday at $12.16 and plunged as low as 1 cent in morning action before trading was halted.
Where the bankruptcy reports originated remains unclear. However, on Monday morning, a 2002 Chicago Tribune story headlined "United Files For Bankruptcy," appeared on some Web sites with a date of Sept. 6, 2008. In a report, Standard & Poor's airline analyst Jim Corridore reiterated a hold on the airline. "We expect the stock to rebound upon resumption of trading, and we expect UAUA to get a press release out quickly," he said.
Where the bankruptcy reports originated remains unclear. However, on Monday morning, a 2002 Chicago Tribune story headlined "United Files For Bankruptcy," appeared on some Web sites with a date of Sept. 6, 2008. In a report, Standard & Poor's airline analyst Jim Corridore reiterated a hold on the airline. "We expect the stock to rebound upon resumption of trading, and we expect UAUA to get a press release out quickly," he said.
