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Uncle TOYS ! - Where are you gusy with UAL ?

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Old 12-13-2002, 01:50 PM
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rick32
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Default Uncle TOYS ! - Where are you gusy with UAL ?

Whats you take..... Got in big this morning at 1.62....

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Old 12-13-2002, 02:12 PM
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$10,000 on Monday would get you $20,000 today. Not bad for five days.
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Old 12-13-2002, 02:40 PM
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Uncle Toys
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Bro, you've got some brass cajones (sp?)! Current price $1.90, high price of what, $92.00 back in 1997? At least you've got half the equation right, hope you get the second half someday.

As always, I can not discuss our position or thoughts on individual securities. One of the only negatives of my position.

Plus, as bankruptcies and stressed capital structures are not our typical investment (hard to be sure your investing and not speculating), you probably wouldn’t want my advice. But I would offer that in these big bankruptcies, you typically do better owning the debt than the equities. More times than not the debt holders become the equity holders.

Good luck!
 
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Old 12-13-2002, 03:12 PM
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TulsaLarry
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Good luck on your UAL purchase but you need to know, that in most cases, the rally in a stock after a banruptcy filing is usually caused by short covering and speculators. Pull up the charts of some of the better known names that have filed Chapter 11 and it may give you an indication of what you may expect.
 
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