UAL thought

L

LoneHand

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.
 
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