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Message
re: American Airlines down to .26 cents a share...
Posted on 12/7/11 at 4:14 pm to TulaneLSU
Posted on 12/7/11 at 4:14 pm to TulaneLSU
In all sincerity, congrats on the trade. However, claiming genius on something now being called the "short of all time" might be a little much.
LINK
Be careful is all I'm saying.
LINK
Be careful is all I'm saying.
Posted on 12/7/11 at 5:34 pm to Projectpat
At this point, I don't need to be careful. I have no dependents and I only put up a small sum of money I made during the October run. I put in for another 5K at 1.07 this afternoon, but I'm nervous about it. If I had a family or depended on that 5K, I would take it out immediately. It is a very high risk stock, but, as we've seen the last week, an even higher reward.
The feeling with this AMR stock is similar to the ticket reserves for the NC Game. If you didn't get in on the fun, what a wild ride Sunday was, at least with Oklahoma State. I purchased a couple of reserves at $80ish a couple of weeks ago (many LSU fans got in at $15 shortly after the ISU loss), and woke Sunday morning to see the price had skyrocketed to $350. By 5 that evening they were going for $25. By 7:15, they were worth $0. I got out when they were $125, but could have lost my entire investment because a reserve has no real value. I see the same thing with the AMR now, but the reward is worth the risk to me at this point in my life.
Thanks for the link and your concern. Like I've said, I have no idea what I'm doing, but I like to think I'm learning a little by reading you older guys who know a lot more than I do.
The feeling with this AMR stock is similar to the ticket reserves for the NC Game. If you didn't get in on the fun, what a wild ride Sunday was, at least with Oklahoma State. I purchased a couple of reserves at $80ish a couple of weeks ago (many LSU fans got in at $15 shortly after the ISU loss), and woke Sunday morning to see the price had skyrocketed to $350. By 5 that evening they were going for $25. By 7:15, they were worth $0. I got out when they were $125, but could have lost my entire investment because a reserve has no real value. I see the same thing with the AMR now, but the reward is worth the risk to me at this point in my life.
Thanks for the link and your concern. Like I've said, I have no idea what I'm doing, but I like to think I'm learning a little by reading you older guys who know a lot more than I do.
Posted on 12/8/11 at 9:20 am to Projectpat
That's also from a Seeking Alpha article, so you should take it with a dome of salt.
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