How Low Does U Go?

Justme

Veteran
Feb 29, 2004
521
38
Markets open in just a little under 3 hours from now. Without a reason coming from the company to do otherwise, a sell-off seems likely. From $2.35 do we see a greater than 50% drop in share price? Do we see less than a dollar a share? Or do those that hold stock have reason to just keep holding on to it? After all, things could cheer up in a day or two and it who knows, it could shoot up to $3.00 a share.

I don't have any stock this time around, but if I did I think that I would sell all today at whatever price I could get and promise myself to never ever buy airline stock again. If it came back up I wouldn't care.

jm
 
I think you have the right idea. Get rid of any U stock as quick as possible. Then stay far, far away from any airline stock.

Remember the old adage:

"How can you make a small fortune in aviation?"

"Start with a large fortune."

Then sit and watch as U takes another trip down bankruptcy lane.