American Airlines Group Inc (AAL)

[CRichard]

I don't get where the confusion is to be honest. Downside has increased while upside has decreased. When the stock was at $6.00, the upside was massive. Now that we've moved up, the chance that the merger does not goes through and the stock falls to $3.50 or so STILL REMAINS.

Remember that the stock was upgraded when it was around $6, and a PT of $9.50. That's a 63% increase, with a 42% potential downside. On the other hand, it opened today at $9.60, with a downside still of $3.50 (a 64% downside), with only a 15% or so upside.

Now those of us that think the merger is an inevitability, and that it will be worth more than $10 post merger think this is faulty thinking. But it makes sense. The upside gets more and more limited as the stock continues to rise, while downside continues to increase.

Plus they're trying to push the stock down to steal your shares. I aint budging!