ExpressJet (XJT)

[downsideup]

It seems to me that what happened in XJT trading yesterday and the day before was "only" normal market action... for the period of the five days, the controls keeping share prices down were taken off...

The result was XJT performance in line with the market, which had XJT performing in line with airline stocks yesterday... right up until the impact of the Mexican news... which took it off the "in line" performance which would have had it close around $0.53.

That leaves a huge open question, in my mind, about the sources of the Mexican news, the drivers of it, etc. It seems a clear case of an effort to drive the share price down... posing a bit of "potential" news re CAL having a fee dispute with Mexico as if it were a done deal that was a critical threat to XJTs survival.

I will be shocked if lawsuits don't result... and if there ARE lawsuits... or even legitimate THREATS of shareholder or other lawsuits... you need to read the terms that govern the conduct of the company effort in conducting the tender offer...

Otherwise, the longer the clock ticks on averaging the price over 5 days, the more incentive there is for the company to drive the price DOWN... and the more incentive there is for the note holders to drive the share price UP... but, I expect it is easier to move the stock down with the market than up and against it, at least today ????