Arpey, Horton, Garton Reding, Kennedy

[WingNaPrayer]

....and shortly after the cash-n-dash, AMR stock dropped toward yet another record 52 week low!



ARPEY GERARD J OFF 04/17/2008 Form 4 JB D 47,600 - 715,140 Buy

ARPEY GERARD J OFF 04/17/2008 Form 4 S D (81,520) $8.400 633,620 Sell

GARTON DANIEL P OFF 04/17/2008 Form 4 JB D 26,384 - 355,674 Buy

GARTON DANIEL P OFF 04/17/2008 Form 4 S D (103,984) $8.530 251,690 Sell

HORTON THOMAS W OFF 04/17/2008 Form 4 JB D 26,384 - 232,884 Buy

HORTON THOMAS W OFF 04/17/2008 Form 4 S D (103,984) $8.530 128,900 Sell

KENNEDY GARY F OFF 04/17/2008 Form 4 JB D 19,380 - 202,665 Buy

KENNEDY GARY F OFF 04/17/2008 Form 4 S D (76,380) $8.530 126,285 Sell

REDING ROBERT W OFF 04/17/2008 Form 4 JB D 19,380 - 255,746 Buy

REDING ROBERT W OFF 04/17/2008 Form 4 S D (25,184) $8.530 230,562 Sell

_________________

You'll notice none of the "buy" entries have a price per share. That is because they didn't pay for it. That was their cash-n-grap option stock.

INSIDER TRADE Summary from NASDAQ.COM

 

[eolesen]

I guess oil hitting $117/bbl had nothing to do with it, eh?...

Time for a fact check, Wing.

AMR's 52 week low as of this writing was on 28 March, a full two weeks and change before the stock payout.

Certainly, they're flirting with a new low today, but so are the rest of the airline index stocks.


UAUA, SKYW, NWA, AMR, DAL, and AAI all dropped more than 6% today, CAL dropped over 5%, and ALK fell 4%.

The only airline stock bucking the trend is HA, and that's still showing the graveyard effect from TZ and AQ's shutdown. Give the facts about drops in Hawaiian tourism another week or four to set in, and HA will be down as well...

 

[WingNaPrayer]

So true but I often wonder if Hawaii tourism is as great from the mainland as it is from Asia.

It seems that the only ones who will be able to afford travel in the not too distant future is anyone other than Americans.

 

[chucky]

the rats are selling their stock before they jump ship.... :down:

 

[Hopeful]

the rats are selling their stock before they jump ship.... :down:

Run Forest Run

 

[WingNaPrayer]

And today, another 52 week low to add to their dismal record, 5 new lows today that is, as the stock dips below the $8 dollar mark.

But no, I don't think fuel prices have everything to do with it. Partially yes, but mostly it's other things. Even their sell off of ABeacon in an attempt to push the stock up on a 480 million dollar sale so their option sell offs would be worth more didn't work.

$5 bucks in 6 weeks or less.

Yes, other carriers are suffering just as much if not more. United took a 33% dip today and the trading day was only half over!

 

[Skymess]

Run Forest Run

:mf_boff:

 

[Veritas]

But no, I don't think fuel prices have everything to do with it.

Then why did UAUA close today at 36.77% down, NWA 17.55% down, DAL 17.07% down and CAL 16.79% down?

AMR's 14.39% loss for the day does not appear that bad in comparison.

 

[WingNaPrayer]

Then why did UAUA close today at 36.77% down, NWA 17.55% down, DAL 17.07% down and CAL 16.79% down?

AMR's 14.39% loss for the day does not appear that bad in comparison.

It does when they only opened this morning at 8 dollars and ten cents! It will probably open around 6.93 tomorrow and it has nowhere to go but down unless something is done with this fuel gouging.

Carriers need to get together and go strike their own collective deal with Hugo - he'd probably jump at something like that - Venezuela saves the U.S. Transportation Industry!

Yeah, he'd jump on that. There is nothing he'd like better than to send Bush packing, sufficiently embarassed at the end of a lame duck term.

 

[eolesen]

Hate to tell you, but it's not necessarily fuel gouging. Oil is sold in dollars. Convert to Euros, and you see a different story....

Oil closed at US$119 today, which is only EU$75.26 (at USD1.600 = EUR1.00)

January 4, oil closed at USD97.91, which is only EU$66.24 (USD1.478 = EUR1.00)

If it were gouging, you'd see the same financial crisis hitting the European and Asian carriers.

 

[WingNaPrayer]

Hate to tell you, but it's not necessarily fuel gouging. Oil is sold in dollars. Convert to Euros, and you see a different story....

Oil closed at US$119 today, which is only EU$75.26 (at USD1.600 = EUR1.00)

January 4, oil closed at USD97.91, which is only EU$66.24 (USD1.478 = EUR1.00)

If it were gouging, you'd see the same financial crisis hitting the European and Asian carriers.

Not necessarily. Right now, the attack is on the US Economy, not the european and asian. Are all countries getting oil for the same price? Maybe on paper but . . .

Big oil producing nations want to see us fail, because they then step in and buy up our debt, loan us money, whathaveyou. The majority of TBills are held by foreign investors. In fact, a good chunk of our national debt is held by Chinese and Saudi concerns.

Now is not the time to just pay the tab and look the other way. Our country's transportation system is at stake here, and if it collapses - so goes the country. Airlines must act to protect themselves from failure instead of just saying, we'll go C11 and kill off our employees contracts and just keep paying the high oil prices off their backs.

People like to move forward in life, not stagnate at "max pay" and never get a raise for the jobs they do and the only thing that is guaranteed is that the employer may step in from time to time and cut your wages, essentially telling labor that they are not worth the money for the job they do.

Replacing a labor force with cheap imported minimum wage labor isn't easy, in fact, it's dangerous. The airlines think this latest round of FAA inspections was a nitemare, wait until you see what you would get from people willing to do a mechanic's job for 9 bucks an hour.

 

[FrequentFlierCA]

Who in their right mind would go long on airline stocks right now?

The only airline-related transactions I'm making right now are put options.

 

[eolesen]

Our country's transportation system is at stake here, and if it collapses - so goes the country.

Oh, the melodrama....

What's at stake here is cheap air travel. We did pretty good as a country for 175 years without it.

People like to move forward in life, not stagnate at "max pay"

If you want to move forward in life, you shouldn't expect to do it in an entry level job where the only requirement is a high school diploma and a drivers license.