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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?


To: Petrol who wrote (13825)8/7/2002 2:42:19 PM
From: Jorj X Mckie  Read Replies (2) | Respond to of 17639
 
just on autopilot:-)



To: Petrol who wrote (13825)8/7/2002 2:47:25 PM
From: Original Mad Dog  Read Replies (1) | Respond to of 17639
 
Message 17848087

UAL seems to be creeping closer to a substantial federal cash infusion (loan). With its stock trading at a level suggesting a high bankruptcy risk, the approval of this package may goose the stock back up toward the ten dollar level. From a tactical standpoint, I would not expect United to declare bankruptcy immediately after getting the federal loan.

Here's a chart:

finance.yahoo.com

Market cap is $250 million. It was over $20 Billion at the beginning of last September.

Business has question marks written all over it, but it might be worth a speculative flyer with money you can afford to lose.