American Airlines down to .26 cents a share...
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American Airlines down to .26 cents a share...
Posted by Tim on 11/29 at 9:29 pm
down from what looked like a high of $8 this year...Buy or not? Might be worth buying a couple thousand shares? What you folks think?


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Posted by LSUtoOmaha on 11/29 at 9:32 pm to Tim
Hell no.

They don't even have enough money to pay back their debt. What makes you think there's any equity left?



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Posted by Tim on 11/29 at 9:40 pm to LSUtoOmaha
who knows, maybe Obama will bail them out like he did GM?




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Posted by tmoney on 11/29 at 9:50 pm to Tim
Lite your fireplace with that money. At least you can enjoy the fire for the moment!


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Posted by Tiger JJ on 11/29 at 9:56 pm to tmoney
The airlines have to be net destroyers of capital over the past 50 years. I don't see how people keep investing in this crap.


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Posted by TulaneLSU on 12/2 at 10:58 am to Tim
I hope you jumped on this on Tuesday as I did.

Stock is up 46% to 38 cents/share. Made 4600 on a 10K investment in three days thanks to your post.



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Posted by C on 12/2 at 11:04 am to TulaneLSU
quote:

Stock is up 46% to 38 cents/share. Made 4600 on a 10K investment in three days thanks to your post.


You should have bet on red, you could be up $10k after just one spin.



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Posted by TulaneLSU on 12/2 at 11:13 am to C
The great investors of the 20th century made their fortunes buying big business stock when those stocks looked worthless. I'm only following a pattern taught to me by the greats. I have no time for mutual funds and 401Ks.

This post was edited on 12/2 at 11:13 am

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Posted by kfizzle85 on 12/2 at 11:34 am to TulaneLSU
Acting like there is any fundamental reasoning behind your purchase is pretty hilarious.

eta: Your statement in general is not true either, by the way.


This post was edited on 12/2 at 11:35 am

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Posted by TulaneLSU on 12/2 at 11:37 am to kfizzle85
It is true.


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Posted by kfizzle85 on 12/2 at 11:38 am to TulaneLSU
No, it is not.


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Posted by TulaneLSU on 12/2 at 11:44 am to kfizzle85
Like the great investors of the 20th century would have done, I bought a huge number of BAC stock when it was worthless according to a lot of people. Same with American. Don't mistake genius intuition for gambling.

This post was edited on 12/2 at 11:45 am

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Posted by kfizzle85 on 12/2 at 11:48 am to TulaneLSU
I wait with baited breath for your fundamental reasoning behind that purchase. Also hilarious that you're using BAC as an example of some kind of financial prowess. Keep digging that hole brah.


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Posted by TulaneLSU on 12/2 at 12:09 pm to kfizzle85
I got nothing but love for you, but I didn't become a Food and Arts Board balla not knowing my way around the basement of the stock market.


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Posted by kfizzle85 on 12/2 at 12:13 pm to TulaneLSU
Its cool brah, I know you're just doing you're trolling thang.


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Posted by TulaneLSU on 12/2 at 12:14 pm to kfizzle85
It's much more than just trolling.


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Posted by kfizzle85 on 12/2 at 12:17 pm to TulaneLSU
Touche sir, touche.


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Posted by Rohan2Reed on 12/2 at 3:08 pm to Tim
Blame Jimmy Carter for all the airline bankruptcies.


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Posted by TulaneLSU on 12/6 at 4:52 pm to Rohan2Reed
From 26 cents to 71 cents in a week.

Again, thanks to the poster who posted the OP. One of the best deals I've made this year.


This post was edited on 12/6 at 4:57 pm

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Posted by TulaneLSU on 12/7 at 6:11 am to Tim
I am going to put another few thousand in AMR this morning as soon as trading opens. I have no idea what I'm doing, at least when it comes to "fundamentals," as I've stated before, but I've done pretty well with whatever unwritten algorithm I've come up with in my mind.

The stock market and meteorology are very similar. I seem to do well at both, for the most part. And I've found, with most things, the deeper one gets in jargon, the more the person using the jargon is saying he doesn't understand whatever he's describing. It's like that in philosophy, meteorology, molecular biology, theology, and the stock market. Jargon becomes our language when we don't know what we want to say or how to say it. I admit to being ignorant, so I try not to use jargon. Ships ahoy and happy flying, American. I hope if you decide to invest in American you do so for good reasons, not because of what I've said, and I hope whatever you do, you make a nice profit and use that profit to make the world better.

Good morning, Money Talk.



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