Aktiesnakken — December 2011
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Hi okay so I'm new to stocks and recently became interested as an 18 yr old but my friend bought stock of American airlines when it was around 30 cents a share it's now at 1.15 could he cash out now? Should he? Because as I said I don't know much but I have read people who say that amr stock is worthless
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Hi colin, well you know what Buffets says about airlines. Everytime he gets the urge, he has 1-800 number to call, where they pick up the phone and say dont do it
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Is the company in default?
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Chapter 11?
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Vouskootia: Kurs lav fordi man ikke betaler +300% i præmie for en overtagelse.
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If the company is bankrupt the stockprize is zero
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It might be the last price registered before it went into bankruptcy
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it's probably in chapter 11 but still trading....
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take the money and run
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Yes if he has 400% profit on achapter 11 company, he should cash in.
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The risk is simply much too big
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"The stock will trade while a company reorganizes in bankruptcy court, but the shares are likely to move toward zero. So trading in bankruptcy court becomes the province of risk-taking arbitrageurs, not everyday investors."
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You can find some info on AMR's bankruptcy here collin: http://www.star-telegram.com/2011/12/06/3576251/high-risk-trading-takes-amrs-stock.html
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AMR is pretty much worthless at this point. If you're still holding the stock, cash in right now. Only went up yesterday based on the bond auction (to establish the cds leve). Today the hype was about US Airways potentially taking over AMR, but that would in any case not happen before the existing shareholders are wiped out.
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