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damn its gonna push through
oh well.. ill feel horrible if this thing just goes bezerk right now.
btw.. dat volume..
and im out.......
no sense in shaking this tree too hard
grats to whoever made $$$.. I can relax this week lol
that will do RFMK that will do.
lets see them Lincolns
Come on .008 push now to .01 so i can make trips
The only real winners here are the MM's
a half penny here a half penny there
NITE, for example, is probably just some rich old guy who was so greedy he had his consciousness downloaded into a MM bot.
What happens on March 3?
not looking for credibility
I don't have a stake here, but I might take a position since today's action didn't seem coherent.
btw the bears around here seem both hungry and edgy. Might want to tone it down, not everyone around here is looking to promote stocks.
Some people just want info.
hmmmm
Teva Pharmaceutical (TEVA) Meeting With Chelsea Therapeutics (CHTP) As FDA Approval For Northera™ Will Happen Predicts Sierra World Equity Review
HEADLINE: Teva Pharmaceutical (TEVA) Meeting With Chelsea Therapeutics (CHTP) As FDA Approval For Northera™ Will Happen Predicts Sierra World Equity Review.
Back on January 16th, Sierra was the first to break the news that "Sierra and her team now believe that at least 1 big pharmaceutical company is already talking to Chelsea Therapeutics"
Sierra's leads indicate that big things are likely happening behind the scenes, Sierra now believes that Chelsea Therapeutics have an agreement lined up with Teva Pharmaceutical (TEVA) and that FDA approval for Northera™ is a done deal, just days on the calender now until the official word. Look for the share price of Chelsea Therapeutics to skyrocket on Tuesday projects Sierra. Remember when the big news breaks, Sierra told you first!
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from:
http://sierraworldequityreview.blogspot.com/2014/02/teva-pharmaceutical-teva-meeting-with.html
found that while looking a bit more into the company.
take it for what its worth
damnit I am always late to the CBIS party
oh well, grats to whoever made some $$
if anybody has any good infos please PM me I am looking for a juicy target
damnit I am always late to the CBIS party
oh well, grats to whoever made some $$
if anybody has any good infos please PM me I am looking for a juicy target
Well i'd imagine someone would want to takeover any projects they currently are working on. I would also gamble they could easily pay less at this point for the whole company as they would one project.
I see your point, but I am trying to factor in the IP that is currently with THQ.. its a waste to let that go to waste.
Your point about the debt is also a very big and valid one.. I think that any buyout would factor that into the price they would be willing to pay.
i'm gonna take a shot tomorrow afternoon depending on Market sentiment with the election, if anything its worth a flip if they can put out something positive to respond to this crazy drop.
looks like a good buyout opportunity imo
#THQI
AMR's holding pattern has been pretty tight for the last few days..I don't think they will let it fall past .57 maybe .55 but I highly doubt it.
I wish I knew what the company's objective was in relation to the future of its current stock. Its pretty foul that they are not being up front about "wiping out" shares if that is indeed the route they take during the BK
considering a bunch of people prob bailed this morning its looking like its gonna hold in the .60's.
Way to dangerous to be playing around this anymore without volume.. i'm bailing with small profits. If for any reason I lead you here note I am out at ~.067 lets see if AMR can play another two aces for a re-entry.
In fact I will wait till the oldman makes his move.. hes usually right
[img]
good AMR video
Fort Worth news:
original: http://www.star-telegram.com/2011/12/12/3589880/american-faces-first-hearing-with.html
American faces first hearing with creditors today
Posted Monday, Dec. 12, 20110 Comments PrintReprintsShare
BY ANDREA AHLES
aahles@star-telegram.com
Lawyers for American Airlines and its creditors will gather today in New York for the first court hearing since the carrier's parent company, AMR Corp., filed for bankruptcy last month.
The hearing agenda includes three procedural motions, with the carrier asking bankruptcy Judge Sean Lane to establish various processes for handling claims from vendors who delivered goods to the Fort Worth-based carrier before the bankruptcy petition was filed Nov. 29 but were not paid.
There are only three objections to the proposed processes -- two from Goodrich Corp. and one from Freshpoint Dallas, which provides produce to American. American's attorneys say they plan to submit revised proposals at the hearing to address the objections.
More than 200 documents have been filed so far by AMR and other interested parties in the bankruptcy case.
On Monday, AMR also asked the court to set up a procedure that allows American to continue receiving plane deliveries from Boeing. American has arranged to buy 32 Boeing aircraft in the next year, mostly 737-800s, which are replacing the carrier's aging MD-80 fleet.
"Although the Debtors believe that both the purchase and delivery of the aircraft, and the entry into related sale leaseback or financing transactions are part of the Debtors' ordinary course of operations and do not require Court approval, this proposed protocol will provide assurance to Boeing and the sale leaseback or financing counterparties that these transactions are authorized," AMR said in its filing.
AMR said the creditors committee, which includes Boeing Capital, does not object to this plan.
Another court hearing is scheduled for Dec. 22 to address this motion as well as motions seeking to terminate property and aircraft leases. The company has asked the court to release it from its Kansas City maintenance facility lease, which expires in 2029, and its lease on Terminal 2 at Chicago Midway Airport, which expires next year. Last year, American closed the Kansas City facility, which it received as part of its purchase of TWA. It no longer serves Midway Airport.
Andrea Ahles, (817) 390-7631
Twitter: @Sky_Talk
Read more: http://www.star-telegram.com/2011/12/12/3589880/american-faces-first-hearing-with.html#ixzz1gRStArNN
AA= Pocket Aces
Shorts are gonna be looking for shares soon, the volume the last few trading sessions has been really high.. no doubt because shorts are borrowing like crazy to short this stock imo
AMR Corporation (NYSE:AMR) witnessed volume of 100.69 million shares during last trade however it holds an average trading capacity of 46.32 million shares. AMR last trade opened at $0.68 reached intraday low of $0.60 and went -14.48% down to close at $0.65.
http://pr-usa.net/index.php?option=com_content&task=view&id=998116&Itemid=34
AMR Corporation (NYSE:AMR) witnessed volume of 100.69 million shares during last trade however it holds an average trading capacity of 46.32 million shares. AMR last trade opened at $0.68 reached intraday low of $0.60 and went -14.48% down to close at $0.65. AMR has a market capitalization $217.90 million and an enterprise value at $7.70 billion. Trailing twelve months price to sales ratio of the stock was 0.01. In profitability ratios, net profit margin in past twelve months appeared at -4.16% whereas operating profit margin for the same period at -0.86%. Read Full Article and Disclaimer at:http://stockbling.com/8457/stock-highlights/amr-corporation-non-normal-trade-in-last-session-nyseamr/
.79 in After Hours so far dont know if its a T or not
After Hours Last:
Net / % Change
$ .7995
-.0978 (-10.90%) After Hours High: $ .7995
After Hours Volume: 221,964 After Hours Low: $ .65
Read more: http://www.nasdaq.com/symbol/amr/after-hours#ixzz1g4eTd31i
its called gambling
you can dress it up with charts etc. but in the end its gambling and too many people are gambling that AMR will fail. Logically, "the house" sees this and prevents the failure with its own money in order to make more money off the morons who are betting on failure.
Being short is like being long.. the MM will rip apart anybody who is in the majority so they make money.
The whole market is one big casino like it or not
$AMR
btw shorts should really play this up THEN short.. makes more sense.. you can't beat the stock into the ground and then expect to do it again the following day.
Push the momo and you can short it when its over a dollar and make some serious cash no?
ding dongs
the oldman is right too.. nice to make money in chunks =)
im right here with ya I decided to hold my AMR shares over the weekend.. like I said scared money don't make money
scared money don't make money. Easy money from here with AMR
Business Week News on AMR
with unions taking up 3 seats on the creditors board it doesn't seem likely they would wipe out.. I would think union members would be heavily invested in AMR
Link to article: http://www.businessweek.com/news/2011-12-09/amr-creditor-panel-risks-split-as-unions-claim-three-seats.html
AMR Creditor Panel Risks Split as Unions Claim Three Seats
December 09, 2011, 9:45 AM EST
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MORE FROM BUSINESSWEEK
Southwest Fights ‘Cost Enemy’ After AMR Bankruptcy Filing
AMR Record $4.1 Billion Bankruptcy Cash Mutes Takeover Risk
American Airlines Union, Banks Named to Creditors Committee
American Seen Shrinking About 10% With Focus on U.S. Flight Cuts
United Continental, Delta Air May Gain From AMR’s Bankruptcy
By Mary Schlangenstein and David McLaughlin
(Updates with hiring of adviser in 16th paragraph.)
Dec. 6 (Bloomberg) -- American Airlines’ disputes with its three largest unions may resurface in bankruptcy after the labor groups won seats on the creditors committee for parent AMR Corp.
Unions for the carrier’s pilots, flight attendants and mechanics join the panel after failing to reach new contract agreements with American in negotiations that began as far back as 2006. American parent AMR Corp. singled out industry-leading labor costs as one reason for its Nov. 29 bankruptcy filing.
The unsecured creditors committee, which also includes Boeing Co. and banks acting for bondholders, represents those owed money by American when it sought court protection. It will have a say in major decisions made by American outside of normal business while the carrier is in bankruptcy, including whether to shrink in size, terminate its pensions or merge with another airline.
“I find it surprising that all three unions made it on a nine-person committee,” said Eric Smith, an attorney with Schnader Harrison Segal & Lewis LLP in Pittsburgh who has taken part in previous airline bankruptcy cases. “The driving force behind this filing is the labor issues.”
Labor is “a critical component of every airline,” Smith said. “That’s the calculus the trustee went through in putting them on the committee. You don’t want some major union left out.”
Bankruptcy Monitor
The nine-member creditors committee was named by the U.S. Trustee, a Justice Department unit that monitors bankruptcy proceedings.
“An American Airlines with an industry competitive cost and debt structure is in the best interests of the unsecured creditors represented by the committee and all of the company’s stakeholders,” said American’s spokesman, Sean Collins, in an e-mailed statement.
The Allied Pilots Association, Association of Professional Flight Attendants and Transport Workers Union represent more than 48,800 workers at Fort Worth, Texas-based American, or about 73 percent of the total. Some employees at AMR’s regional carrier, American Eagle, also are TWU members.
American is expected to seek to change its existing labor agreements to lower costs and boost productivity, and may try to terminate its pensions and turn them over to the Pension Benefit Guaranty Corp. The U.S. agency, created to protect private retirement benefits, earlier estimated employees may lose about $1 billion in pension benefits if the plans are ended.
Union Job
“We’re going to do our job as a union, to fight like hell so that frontline workers don’t pay an unfair price for management’s failings,” Jim Little, international president of the TWU, said in a statement of the union’s role on the committee. “This will be a long and difficult process.”
AMR filed for bankruptcy two weeks after Allied Pilots Association leaders declined to send American’s last contract offer to its members for a vote, saying it “clearly” would be rejected. The airline, which was headed for a fourth straight yearly loss, has said it has an $800 million annual labor cost disadvantage to its peers.
The creditors committee also would play a critical role in any potential takeover of American. US Airways Group Inc. withdrew its $9.75 billion hostile takeover bid for bankrupt Delta Air Lines Inc. in January 2007 after its creditors committee refused to support the move. Delta management convinced the panel the carrier would be stronger if it emerged from bankruptcy independent.
Delta Pilots
“Clearly the Delta pilots found significant value in being on that creditors committee,” Howie Schack, a pilots union spokesman, said in an interview. “We have to be a part of that committee to steer the company toward building the airline as opposed to alternatives that aren’t of interest to our pilots.”
US Airways has been named by analysts as a potential partner for American, which fell from being the world’s biggest airline when Delta bought Northwest Airlines Corp. and United Airlines parent UAL Corp. merged with Continental Airlines.
The other members of the creditors committee are Wilmington Trust Co., Manufacturers and Traders Trust Co., Bank of New York Mellon Corp., the PBGC and Hewlett-Packard Enterprise Services LLC. The law firm of Skadden, Arps, Slate, Meagher & Flom LLP was named to represent it during bankruptcy.
Moelis & Co., the investment bank founded by Kenneth Moelis, was named as the financial adviser for the creditors committee, said a person familiar with the matter who wasn’t authorized to discuss it publicly and didn’t want to be identified.
Andrea Hurst, a spokeswoman for New York-based Moelis, declined to comment.
Airing Conflicts
Disagreements aren’t unusual on such panels because they have to represent a broad range of interests, said David Carlson, a law professor at the Benjamin N. Cardozo School of Law at Yeshiva University whose specialties include bankruptcy.
“Creditors committees aren’t designed to avoid conflicts, but to bring them forth so they can be aired out,” Carlson said in an interview. “This is what Chapter 11 committees are about.”
The case is In re AMR Corp., 11-15463, U.S. Bankruptcy Court, Southern District of New York (Manhattan).
--With assistance from Jeffrey McCracken and Jonathan Keehner in New York. Editors: John Pickering, Stephen West
To contact the reporters on this story: Mary Schlangenstein in Dallas at maryc.s@bloomberg.net; David McLaughlin in New York at dmclaughlin9@bloomberg.net
To contact the editors responsible for this story: Ed Dufner at edufner@bloomberg.net; John Pickering at jpickering@bloomberg.net
lol not enough shares for everyone to have a short position.
Total FAIL at shorting.. "yeah lets all short AMR at the same time, the MM's will let us get away with it" lololol
better watch out I hear news down the pipeline also
SQUEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEZE race to cover who will be left holding all the short positions?
I see the point you are trying to make, but I will break down my point to you first: compared to "other" carriers AMR is not considered profitable. Why? Because AMR treated its employees better for a long time.. this is a cheap way to screw people out of their retirement but it does in no way mean that AMR is not profitable. They can continue doing business "as is" and not go officially bankrupt.. its AMR's greed that has brought us here.. now whether or not that greed extends to how they deal with common shares is anyones guess.
BTW Using NFLX is a horrible example to your argument.. that company was WAAAAAY overvalued especially when given that Blockbuster has always offered a better service at a better price. Till this day I cant understand why NFLX is valued higher than its competitor.
I think there are more shorts here than long. That might not be a good thing considering not all of you will be able to cover.
Your betting on that common shares get wiped.. but what if they don't? what if AMR is too big to fail..?
The reason they are going with a Chap 11 is that they are not making as much as OTHER carriers. This company is clearly not bleeding money, they are simply greedy and wan't more..
so in the end it comes down to:
do you gamble that common shares get wiped out
or do you gamble that AMR is too big to fail (where is there fleet going to go? someone has to buyout if they were in trouble which I highly doubt they are)
What on earth do you think would make an airline unprofitable?
its not going bankrupt its restructuring itself in order to get rid of 600million excess they pay to their employees. They have not been "as profitable" as other airlines because they paid their employees better benefits etc.
so in order to make MOAR money they want to fix it so they can cut down that 600mil.
Airlines still make a boatload of cash.. consider how many flights AA runs a day and multiply that by a lowball estimate price per ticket. Factor in everything else the airline makes.. baggage, fees, etc.. and now you can understand this is all about making MOAR money.
This Airline is in great shape.. it just wants to be greedy like its competitors thus the restructure.
We as people have forgotten what profit really is.. instead of people, success, and good.. its all about numbers and greed.
Whatever works though, bottom line AMR will be $$ once this stuff is settled. However, don't post like there some broken down company thats falling apart.. you know what this is about anybody with half a brain does.
lol at people trying to short an Airline that is already WAAAAY undervalued under a dollar.. at wait till its at 3.00 before trying to take a short position on something as serious as American Airlines.
This is American Airlines people not some stupid fly by night pink..
I mean comeon now lets be real.. worst case scenario this will end up at $5.00- $10.00+ by the time the dust clears in the long term.
Its not in anyone's best interest for "American Airlines" to go away
go $AMR