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Leontios

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Leontios

Re: toohip4u post# 618

Thursday, 03/10/2011 9:38:32 PM

Thursday, March 10, 2011 9:38:32 PM

Post# of 36850
Ya, the DOW absolutely tanked today. Wow! But AMR held strong.

On the 8th it made a nice move on big volume. Biggest move on strong volume in a long time. It was promising. You are right about the debt. It seemed like good news, but the fact is they are fundamentally a train wreck. I would not invest in a stock that is losing so much money.

Anyway... Today's action was promising as well considering the dow tanked. It tried to rally again! It could not rally past the last swing high of the $6.75 area.

Continued weakness in the dow will probably make this last rally attempt nothing more than a fake move. You could be right, it could go to the 5's.

But I am watching closely, that big volume day on the 8th could be a big sign. A big sign to get aboard with the bulls again!

Time will tell. Place your bets and place your stops...

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