fatherabraham
Veteran
- Joined
- Sep 27, 2002
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Any one care to speculate on the dramatic price increase since thurs morning in heavier than normal trading.
Sure, but if you're an invester, what is the downside at $1.50 a share??? Even if you were a short-timer and caught a brief blip, the upside from $1.50 to $2.50 is substantial. And, $0.20 or $0.50 swings in the net share price is quite logical in today's market.Benz M-100 said:Rather a speculative investment, wouldn't you say?
Same for last year on America West... Started out around $2/share at the beginning of 2003... Ended up around $11/share at the end of the year, making it one of the best investments on 2003. At one point, around Sept 03 they traded at over $16/sh, a possible profit of $14, or 700%. Of course, at $2/sh or less, BK risk was priced in, as it probably is for US Airways now.ITRADE said:Sure, but if you're an invester, what is the downside at $1.50 a share??? Even if you were a short-timer and caught a brief blip, the upside from $1.50 to $2.50 is substantial. And, $0.20 or $0.50 swings in the net share price is quite logical in today's market.
I should note that quite a few years ago, Air Tran's stock was on the ropes at about $2.25 a share and it was not certain as to whether or not they had enough capital to make it. I bougt in at $3.00 a share and bailed out when it was around $10.00 a share (too early), but a handsome profit off a $3.00 a share crap-shoot.
Its not short covering. The short position even before this week was less than 2 or 3 percent. So all the shorts who were along for the ride have already cashed out.jwp767 said:This stock movement is nothing more than a dead cat bounce and/or short covering........be careful.
Good catch. It is the 3rd friday of month. That probably explains the volume.jwp767 said:This stock movement is nothing more than a dead cat bounce and/or short covering........be careful.
3d Friday???fatherabraham said:Good catch. It is the 3rd friday of month. That probably explains the volume.
Thanks
What is the significance of the 3rd friday of the month?fatherabraham said:Good catch. It is the 3rd friday of month. That probably explains the volume.
Thanks