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Non-Tech : United Airlines
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To: Glenn Petersen who wrote (2)8/3/2002 1:37:17 AM
From: SLSUSMA  Read Replies (1) of 94
 
They retained BK lawyers right after 9/11, and was probably planning for the future.

I think UAL is worth a speculative play at this point. If you bought, for example, 1000 share at $4 now, your down side is only $4000. Remember, even if they declared BK, you can claim $3000 on your capital loss and get up to 40% back, depending on your tax bracket.

Upside is much better than downside, and it's worth the $4000 gamble. And if that board approves the loan, the markets will overreact again and that would be an opportunity to sell.
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