Replies to post #52955 on Zeev's Turnips Patch-No Politics (ZEEV)

[hamvestor]

Yes.

[brainlessone]

my friend the lucky one bought 50K. JPM says it will be bankrupt in a month. .76 look pretty good right now. I do no know the answer. look at vitx for a hump on no news can you figure that one out?

[Lane Hall-Witt]

zhina--

Uhm, UAL has about $2 billion in liquid assets and $1.5 billion in receivables -- against $7 billion in current liabilities and $9 billion in long-term debt. Net tangible book is $1.3 billion and market capitalization is $50 million. Something tells me this isn't going to wash well for the common shareholders.

That said, traders on the right side of the speculative frenzy as the common goes to zero can get lucky and make some green. Those people who rode WCOM from 0.06 to the 0.20s--. I'd never go for it, but these stocks often have a lot of volatility in their dying days. Just be sure you're out, instead of in, when the music stops.

[Public Heel]

I shorted WCOM at .38, covered at .25, went long at .07 and sold at .14. That one was fun. I'd throw my entire portfolio into shorting UAL, but there are no shares to be had anywhere.

[Captain_Jack]

zhina-- Sadly IMO, they will survive and be a drain on the industry for decades. If UAL and US Air would just go *POOF* the industry would be much healthier. These 2 have weak mgmt with unions that only are interested when it looks to be belly up time. Eliminate these seats and pricing comes back. Why is it airlines never cease to exist no matter how much they deserve to?

[Lane Hall-Witt]

zhina--

Did you end up playing UAL today? Pretty amazing intraday action--.