What should I do with my US Air Stock?

[LearLove]

US Air guys, are you going to sell on MON? I regestered on Fri with fidelity and checked my account today. They put 242 shares (after pa taxes) in mine. At market price this would be about 8300.

Any advice? Should I set a "stop loss" and "Day limit"? I'd like to sell it at or above 34 if I can. Guess it depends on how it opens on MON.

Thanks

 

[radarlove]

It's the next Microsoft.

Be sure to hold onto it, just like those JBLU guys did back when their stock hit the fifties.

 

[ironspud]

US Air guys, are you going to sell on MON? I regestered on Fri with fidelity and checked my account today. They put 242 shares (after pa taxes) in mine. At market price this would be about 8300.

Any advice? Should I set a "stop loss" and "Day limit"? I'd like to sell it at or above 34 if I can. Guess it depends on how it opens on MON.

Thanks

Uhhhh! Hellooooo! It's AIRLINE stock.
Sell! Now! $8300. As is dollars? Or Korean Won?

 

[BenderGonzales]

That's a capital gain in a year in which you're getting furloughed. I'd hang onto it and cash it out when you're gainfully employed... just in case you end up owing uncle sam some $$$

 

[psysicx]

I would put a stop loss on it.

 

[LearLove]

I don't think the cap gain tax applies as it is paid to us like a bonus and tax has already been taken out in the form of shares. We were given somewhere around 300 and change shares each and wound up with 250 (give or take depending on which state you registered with fidelity under) in thier account.

My 242 shares times the Fri closing price comes to just shy of 8300. I don't think I need to pay anymore taxes as like I said it was taken out in the for of shares prior to distribtion. Atleast thats how I understand it. Can anyone confirm or deny this?

I think I'm going to set a $33 dollar stoploss and tell it to sell all shares on Mon.

 

[Green]

Just out of curiosity when were you awarded that stock? Was it part of your concessionary agreement. Also were you issued shares of the new us airways (LCC) or did you have old shares?

 

[WhiteCloud]

That's a capital gain in a year in which you're getting furloughed. I'd hang onto it and cash it out when you're gainfully employed... just in case you end up owing uncle sam some $$$

Is this the situation? If you just received the stock you may owe taxes on the amount the stock is worth when you received it. If it goes down to nothing you could still owe the feds something depending on your tax bracket. Careful!

 

[fifty30retard]

SELL SELL SELL SELL SELL SELL SELL SELL!!!!!!!!!!

HAVEN'T YOU AND EVERYONE ELSE BEEN BURNED ENOUGH BY THIS COMPANY????????

 

[LearAv8r]

"SELL MORTIMOR SELL, SELL!!"


-trading places-

 

[SWA/FO]

SELL and then buy a bunch of LUV

 

[SomeDude]

donate it to a good cause...homeless shelter etc...they dont pay taxes on it and you get to write it off on your taxes...

 

[AA717driver]

I know with the AA options, they take taxes out at the same rate as a bonus payment. Somewhere in the upper 30% to low 40%.

Hold on to it and it could turn into very expensive toilet paper. It's an airline stock--sell it all on Monday. TC

 

[h25b]

In this absence of capital gain, SELL THE $HIT !!!!!!!!

There are many other stocks I'd rather be in with $8300.00...

 

[Swaayze]

Uh, a stoploss (?) at $33? What is your minimum price, I thought $34?

You may want a "limit" order. It will allow you to sell at or above your specified price. Or, do you not want to sell unless it drops to $33? Then.....

A "stop" order will trigger a sale when the stock hits your specified price but the amount you get may be considerably different than your stop if the price gaps significantly. Perhaps this is what you mean by stoploss?

Glad to hear you at least got something out of the MDA fiasco!

 

[joevollers]

Great Idea!!
Asking pilots for financial advice...... If I have any questions on airbus emergency procedures I'll call my financial advisor!






Yes this is a repeat of a past response on another thread but what pilot does not love to beat their dead horse

 

[Phaedrus]

joe.... funny and spot on.

 

[semperfido]

call in to Mad Money on CNBC (6pm est) and ask Cramer or sell it ASAP and buy some stock that will make you some money.

 

[LearLove]

I set a $31 stop limit to sell all 242 on MON. We will see.

 

[LearLove]

Sold today at just over $32 for just shy of $7,800. Called fidelity and they said that the check would be sent on thur. Learlove is now a debt free man with cash in his pocket.

Thanks for the advice and help guys, at this point I really don't care what the stock does, even if it shot up to 60, it served my purpose and paid my bills.