Another chance to score... once ual resume trading, it will stay low (under a buck) for a while (a day or so), and stabilize and then soaring ...typical GNP play. I am expecting it has 40% -100% bounce after they file for bankruptcy... remember at home, Kmart, global crossing, enron, worldcom, ...this kind of setup only appears 5-6 times a year, the trick is, use ECNs, with tight stop, 5-10k shares a pop, out when you wrong, add more when you right. start to unload after 30% gain on the way up (target vary for different traders)... I am waiting... good luck
I think it's getting close, I just threw in a little as a probe now, and will add more right before mkt close today...we'll see
I have a fairly big position now at .82 base and already have a little gain... waiting for the gap up monday... if it gaps up I will unload some and wait till a pull back, then going full throttle, and will trailing it with a stop... so far so good... Good Luck
Try the UAL preferred B which is cheaper than the common, or the UAL T which is abt .92 . It's tied to a jr sub debenture and is higher in the capital structure than the pfd b or the common.
It's now about 1:51 EST and I am unloading...Looks like I am lonehand on this one again. Quite a ride... Good Luck
I am all out, from my entry till now, its 40% run... target reached and I think its forming a double top...