penny stock will take off e-mail

[red]

There is an investor in the U.S. whose done well owning American Airlines stock. He bought in near the bottom as the industry is beginning to restructure. U.S. Air has come out of Chapter 11 successfully for now. We've seen how well some investors did after Air Canada's parent ACE came out of bankruptcy. Still it's a risky industry especially with fuel cost high.

if he bought shares before they came out of chapter 11, then he may not own any part of US AIR - debt being swapped for equity

 

[Meister]

the penny stock pump and dump has been around for a while and yes, i've been burnt too in the early 90s.

However, there are similarities on a large scale too. Many investment houses make their money on swings. So, for example, was there a significant shift in gold production or consumption in the last 2 years? I think not, still the price went from 300 to 700. Many analysts and brokers "talk up" a stock or commodity after they took a position in it. Then they are the first ones to dump it when they made their profit.

 

[bbqt61]

Just to update what happen on the penny stock.

On last Monday morning, the new was coming out as expected (since the e-mail has already covered) and the price was went up 40%, afternoon, it back to original price and it down 40% the next day. And I check it today, it down 60 % from where it starts on last Monday.

I check the recent news on that company and they come out saying that they were the target of some stock promotion junk mail and they were nothing to do with those mail at all. I wonder who gonna believe it!

 

[goodtime]

There is an investor in the U.S. whose done well owning American Airlines stock. He bought in near the bottom as the industry is beginning to restructure. U.S. Air has come out of Chapter 11 successfully for now. We've seen how well some investors did after Air Canada's parent ACE came out of bankruptcy. Still it's a risky industry especially with fuel cost high.

Talk about pump & dump.

 

[basketcase]

I'm just plane lucky. I air on the side of caution, don't want to cause a flap, plus my dart board is about as good a stock picking tool as you can get.

Bloody puns!! Makes me want to fly off the handle.

Damn, now I'm doing it too.

 

[LancsLad]

Bloody puns!! Makes me want to fly off the handle.

Damn, now I'm doing it too.

Once you have started its a punishing row to hoe.