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DL (DAL) Down More Than 12%  
User currently offlineTonytifao From Brazil, joined Mar 2005, 1019 posts, RR: 0
Posted (7 years 1 week 1 day 18 hours ago) and read 2609 times:

A.net friends,

Looking at DAL stock, it's down more than 5.5% just today and more than 12% in the last 5 days. It has reached it's 52 week low. Anything going on with Delta that is not known? It just seems like a pretty steep drop as they are doing fairly well lately.

[Edited 2007-08-14 20:05:39]

3 replies: All unread, jump to last
 
User currently offlineSLCUT2777 From United States of America, joined Dec 2005, 4049 posts, RR: 11
Reply 1, posted (7 years 1 week 1 day 18 hours ago) and read 2579 times:

Quoting Tonytifao (Thread starter):
Looking at DAL stock, it's down more than 5.5% just today and more than 12% in the last 5 days. It has reached it's 52 week low.

Everything is taking a bath seemingly on Wall Street as their is an ongoing crack-down on sub-prime mortgages in the U.S. and Canada by various financial institutions.

Quoting Tonytifao (Thread starter):
Anything going on with Delta that is not known? It just seems like a pretty steep drop as they are doing fairly well lately.

Keep in mind DL must release so many shares to their creditors over the cycle this year, and many of them just want to cash in their chips. Most airline stocks are down.



DELTA Air Lines; The Only Way To Fly from Salt Lake City; Let the Western Heritage always be with Delta!
User currently offlineSacamojus From United States of America, joined Dec 2006, 228 posts, RR: 1
Reply 2, posted (7 years 1 week 1 day 16 hours ago) and read 2371 times:

Quoting Tonytifao (Thread starter):
Anything going on with Delta that is not known

Markets don't only look at the company's financials for valuation. Other factors including competition, price of fuel, growth opportunities, economy, growth of travelers, government regulations, etc. This why prices move everyday and not when company information is released.


User currently offlineRFields5421 From United States of America, joined Jul 2007, 7607 posts, RR: 32
Reply 3, posted (7 years 1 week 1 day 16 hours ago) and read 2241 times:

Everybody is up or down a lot lately.

It has nothing to do with the individual companies and is mostly about the way the stock market is structured to not be concerned with the company's actual operations and profit.

The company I work for is a multi-billion dollar world-wide cash generation machine. We take in billions of dollars of red, green, yellow and blue folding money over the counter every year. We make a lot of money and could be debt free if we wanted.

But Wall Street doesn't care about how much money we make.

They only care about our ability to "grow" our same store sales numbers and that our predictions are close to accurate.

A stock price can fall just as far and as quickly if the company reports better than expected earnings and profit.

In fact unexpected bad news is usually less negative for the stock price than unexpected good news.


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