Question # 4

Oliver Twist

Advanced
Aug 20, 2002
248
0
Raleigh, NC
www.usaviation.com
I am so curious as to why people still trade USairways stock (UAWGQ)? Dave has said repeatedly that the value of the current stock is expected to be wiped out in the restructuring process- so why continue to trade? I can see trying to sell it, but to buy it?
If we have some Traders in here, perhaps you can shed some light on this subject for me. It''s quite puzzling to me.
 
OP
O

Oliver Twist

Advanced
Aug 20, 2002
248
0
Raleigh, NC
www.usaviation.com
If I understand it correctly- it is not new stock, but a new symbol. US has issued no new stock to my knowledge, for public trade at anyrate. I do understand the swings in the OTC market. What you are saying is that its only traders?