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What's Up With Delta's Stock?  
User currently offlinePanamair From , joined Dec 1969, posts, RR:
Posted (8 years 7 months 2 weeks 1 day 1 hour ago) and read 4616 times:
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I know that Delta's stock (symbol DALRQ.PK) will be pretty useless when they eventually emerge from Ch.11 and any activity in the stock at this point is not a good measure of the company's performance but the stock has shot up 25-30% just today in the first three hours of trading..it had been rising a little the past few days (presumably due to lower fuel prices) but nothing like today's activity...Anyone know what's happening? New merger rumors again?

http://finance.yahoo.com/q?s=DALRQ.PK

18 replies: All unread, jump to last
 
User currently offlineJhooper From , joined Dec 1969, posts, RR:
Reply 1, posted (8 years 7 months 1 week 5 days 13 hours ago) and read 4479 times:

Too bad I had bought $100 worth at $0.80 and sold it two days ago at $0.92, too bad I couldn't wait three more hours! My luck!

User currently offlinePtugarin From , joined Dec 1969, posts, RR:
Reply 2, posted (8 years 7 months 1 week 5 days 2 hours ago) and read 4352 times:

I currently own 2000 shares at $0.76

User currently offlineLuv2fly From , joined Dec 1969, posts, RR:
Reply 3, posted (8 years 7 months 1 week 5 days 2 hours ago) and read 4328 times:
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What you see here is day traders buying and selling left and right, most likely they are the ones causing the spikes to happen.

User currently offlinePanamair From , joined Dec 1969, posts, RR:
Reply 4, posted (8 years 7 months 1 week 5 days 2 hours ago) and read 4328 times:
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Well, DALRQ.PK is at it again.....trading volume today is already triple the normal average, and it has gone up another 25% today so far to $1.38, only 1 hour 15 minutes after the market opened....And no, oil is not a factor as crude futures are actually up a little at this point....

User currently offlineDLPMMM From , joined Dec 1969, posts, RR:
Reply 5, posted (8 years 7 months 1 week 5 days 2 hours ago) and read 4297 times:

And tulips were selling for huge prices in AMS at one time.

It's all just the bigger fool theory in action.

In the long run, Vegas would be a better place to "invest" your money.


User currently offlinePtugarin From , joined Dec 1969, posts, RR:
Reply 6, posted (8 years 7 months 1 week 5 days 2 hours ago) and read 4294 times:

It cannot just be a spike as this is a huge change, and highest in more than a year. I think this is a sign of Delta´s recovery from bankruptcy , as well as investors´confidence that international expansion will bring delta out of the darkness.

User currently offlinePanamair From , joined Dec 1969, posts, RR:
Reply 7, posted (8 years 7 months 1 week 5 days 2 hours ago) and read 4281 times:
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Trust me, I'm not even remotely contemplating investing in the existing DAL stock - just curious as to what the rumors and scuttlebutt are out there that are driving the significant buying in the last two days.....someone or some people are doing a lot of buying...it's now up to $1.48, i.e., up 35% since Friday.

User currently offlinePope From , joined Dec 1969, posts, RR:
Reply 8, posted (8 years 7 months 1 week 5 days 1 hour ago) and read 4234 times:

Reminds me of the joke.

Do you know how to make a million dollars in trading airline stocks?


Start with a billion dollars.


User currently offlineLt-AWACS From , joined Dec 1969, posts, RR:
Reply 9, posted (8 years 7 months 1 week 5 days 1 hour ago) and read 4211 times:

WorldTraveler is buying up shares...I kid, I kid.

The trade volume spike makes me think day traders with some bad (or maybe good) rumours but with "penny" stocks you never know.

I'd only buy with "play" money or Vegas money as mentioned above not for anything needed in the short term. .02  Wink

Ciao, and Hook 'em Horns,
Capt-AWACS, Aachen-full of hotties since 875


User currently offlineLuv2fly From , joined Dec 1969, posts, RR:
Reply 10, posted (8 years 7 months 1 week 5 days 1 hour ago) and read 4211 times:
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Quoting Ptugarin (Reply 6):
It cannot just be a spike as this is a huge change, and highest in more than a year. I think this is a sign of Delta´s recovery from bankruptcy , as well as investors´confidence that international expansion will bring delta out of the darkness.

It has nothing to do with what you said. As when DL emerges from bankruptcy the stock they now have most likely will be voided and they will start fresh. Though believe what you want to. Mom always said, "A fool and his money was soon parted!"


User currently offlineJhooper From , joined Dec 1969, posts, RR:
Reply 11, posted (8 years 7 months 1 week 5 days ago) and read 4138 times:

I can't believe it....I've held on to this junk stock for awhile now and I sell it literally minutes before it practically doubles in value!

User currently offlinePtugarin From , joined Dec 1969, posts, RR:
Reply 12, posted (8 years 7 months 1 week 5 days ago) and read 4100 times:

Quoting Luv2fly (Reply 10):
the stock they now have most likely will be voided and they will start fresh

Did US stock get voided if so, what were the consequences to the shareholders?


User currently offlineLuv2fly From , joined Dec 1969, posts, RR:
Reply 13, posted (8 years 7 months 1 week 5 days ago) and read 4090 times:
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Quoting Ptugarin (Reply 12):
Did US stock get voided if so, what were the consequences to the shareholders?

Both US and UA voided old stock once emerging from bankruptcy and issued new stock.


User currently offlineZone1 From , joined Dec 1969, posts, RR:
Reply 14, posted (8 years 7 months 1 week 5 days ago) and read 4063 times:

Looks like a good time to short the stock and use those profits to buy the new DAL when issued.

Quoting Ptugarin (Reply 12):

Did US stock get voided if so, what were the consequences to the shareholders?

Yes their stock got cancelled. Basically you see the shares in your portfolio one day and the next, they disappear.


User currently offlinePtugarin From , joined Dec 1969, posts, RR:
Reply 15, posted (8 years 7 months 1 week 4 days 23 hours ago) and read 3993 times:

Quoting Ptugarin (Reply 2):
I currently own 2000 shares at $0.76



Quoting Zone1 (Reply 14):
Looks like a good time to short the stock

Just sold mine at $1.52


User currently offlinePanamair From , joined Dec 1969, posts, RR:
Reply 16, posted (8 years 7 months 1 week 4 days 23 hours ago) and read 3953 times:
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At $1.60 now; that's up close to 45% just today. Trading volume is in the 11.3 million range (average volume is 1.3 million a day); 52 week high was only at $1.19

[Edited 2006-09-18 19:50:22]

User currently offlineAeroWesty From , joined Dec 1969, posts, RR:
Reply 17, posted (8 years 7 months 1 week 4 days 23 hours ago) and read 3925 times:

Quoting Zone1 (Reply 14):
Looks like a good time to short the stock and use those profits to buy the new DAL when issued.

This is a good question whether you could actually do that or not. It's been too many years since I knew all the rules. I believe you can't short the stock of a bankrupt company, because the stock doesn't qualify to be margined. But who knows, rules change, perhaps you can now.


User currently offlineZone1 From , joined Dec 1969, posts, RR:
Reply 18, posted (8 years 7 months 1 week 4 days 17 hours ago) and read 3791 times:

Quoting AeroWesty (Reply 17):
This is a good question whether you could actually do that or not. It's been too many years since I knew all the rules. I believe you can't short the stock of a bankrupt company, because the stock doesn't qualify to be margined. But who knows, rules change, perhaps you can now.

After doing some checking, I do believe you are right. They do have options trading though. So it looks like a good time to buy some January 2007 or 2008 put options!


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