Usairways Stock Down 20 Percent Since Friday.

[Severed-N-Happy]

Trading at barely 5 bucks a share, down from 7.50 a share a week or 2 ago. These options, for many, will soon be as worthless as toilet paper. Looks like those employees who sold early to reap in the cash helped drive the price down(Gracias!), as is typical with a stock selloff, and those who waited(such as myself) for a possible gain are stuck holding a bag of manure until Wall St decides US is worth investing in. For the latter, considering what I read and hear concerning Siegel's Slumpazoid Slop ongoing unabated, I won't hold my breath.
PS Everyone who invests should have bought Air Tran, trading at 17 a share, up from 5 a share 6 months ago.(Kicking myself for missing out on that one)

 

[Harry Callahan]

I dont think we have any suprizes in this one. :down:

 

[oldiebutgoody]

Looks like the market is pretty perceptive.

 

[allegheny1]

oldie but goodie

I don t think the market is perceptive at all. In fact the market may be
dumb or dumber.
It is the employees of this company that are selling and now at prices 2.00
per share below the issue (so to speak) price.
I beleive most employees perceive several major issues looming in the
immediate future and are preparing for the worst.
If we...speaking as the leading efge of the baby boom generation...needed
to learn one thing from those who lived through the great depression it is the
following.......

Prepare for the worst,hope for the best. Reality will probably be somewhere
in the middle.

I can not fault my fellow employees for doing exactly what their conscience
says is right.

"everyone is entitled to a mistake. It will never happen again"

Warren Buffet...speaking about his investment in usair

 

[oldiebutgoody]

oldie but goodie

I don t think the market is perceptive at all. In fact the market may be
dumb or dumber.
It is the employees of this company that are selling and now at prices 2.00
per share below the issue (so to speak) price.
I beleive most employees perceive several major issues looming in the
immediate future and are preparing for the worst.
If we...speaking as the leading efge of the baby boom generation...needed
to learn one thing from those who lived through the great depression it is the
following.......

Prepare for the worst,hope for the best. Reality will probably be somewhere
in the middle.

I can not fault my fellow employees for doing exactly what their conscience
says is right.

"everyone is entitled to a mistake. It will never happen again"

Warren Buffet...speaking about his investment in usair

I think you missed my point. This company HAS NO FUTURE, especially given the poor management style it is presently saddled with. The market analysts know this, and if they had ANY confidence in this company it wouldn't have gone down in price by ALMOST 30% since it came on the market. The employees WOULD NOT be selling at those prices if there were a market for the stock at higher prices. By the way, there are institutions (i.e. RSA) that own FAR MORE shares than the employees do, and may well be selling shares at these prices as well.

I remember well when Mr Buffett called USAir (at the time) the worst investment he had ever made.

 

[allegheny1]

oldie but goodie

With all due rspect i think you misunderstood part of my post. I agree with
those selling the stock..and yes i believe it is mostly average employees
like myself. As far as the buyers.....caveat emptor.

We are talking about an over the counter bulletin board stock with little or no
analyist coverage. It never will be covered very well until (if ever) it can be
listed on a major exchange..ie...nasd or nyse. Sure, you can purchase Joe
Blow s boiler plate report on usair for 10,20,30 dollars however most of these
are not worth the paper they are printed on.

As far as RSA, Board of Directors,Senior Management, The 3 private placement
firms...they are material owners who must disclose any sale within 10 days.
Some selling could be coming from creditors issued stock during the bankruptcy.

If my memory serves me correctly much of the stock issued to those listed as
material owners carries rectrictions on when the stock can be sold.
(someone please correct me if I am wrong)

In any case, right now you have more supply then demand...not abnormal in
this case. If some of the onerous situations overhanging this company can
be overcome the supply will dry up and the price will increase.......or.......
alot of folks will have a capital gains tax loss to report next April.

Hoping for the best...preparing for the worst.