If Delta emerges from bankruptcy the stock will be worthless and new shares will be issued. Now is the time to cash out on the news. Which ever way you go goodluck.
I think Delta will go over $2 very quickly. It hit 1.70 a few weeks ago on some good news but quickly drifted back to just over 1. Both US Airways and United have made offers on Delta either of which could make Delta the largest airline in the country.
I am not going to hold onto Delta much longer. When they emerge from BK, the common stock will go to zilch and I don't want to be anywhere near Delta when that happens. My plan is to ride it up and bail out.