Me thinks your friends' financial advisors are pissed that they missed the flight. Relax in your first class seat, order a mediocre scotch, and use your iPad gate-to-gate on GoGo.
I have no idea why they are telling them that. The facts are pretty much spelled out. When the stock jumped up from the 9's to 13.50 on the day of the announcement merger approved, the price has stabilized since that time. If you look at the chart we are forming a new base. It's called consolidation. Someone's looking for cheap shares. 11 million traded on Wednesday and they tried bringing it down. It didn't last closed up +.28. Look the daily chart for AAMRQ. Wednesday and tomorrow are light trading days. The biggest airline you own it. It's only going up from here. Hold those shares tight with both hands. They can pry em from my cold dead fingers. LOL My instinct got me this far why should I sell now? In a year or 2 my retirement is going to be looking pretty good. If I am wrong it wasn't meant to be. Good luck what ever we do here. Watch the price tomorrow. You want a stock that's going to 100? WAB 69 to 100. Nice and steady low volatility. How about PSEC Small trading range pays 12% dividend monthly payout. I sold 1600 share of that to buy this. Stupid maybe? Then again some mutuals I am in are up 32% this year. It's all what your level of risk is. No risk no reward. Fear and Greed.
Financial Planners are just doing their job. They should not recommend bankrupt stocks as an investment to their clients. We know AA investors will be more than fine, but it would overwhelm the client to explain the POR and that this specific BK is a major exception. Most BK are too high risk.
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