RE:RE:RE:Now vs 2009/2010I missed out one group of those who will sell their shares now and become shark food. It is those who think that the sky is falling and now sell their shares because they are up a dollar from where they were before lunch. Their reasoning is that they sold a dollar off of the bottom so they feel just a little better than if they sold at the bottom.
Incredible volume for a stock that was trading less than 300,000 shares per day just a few months ago.
BTW it will be impossible for this company to justify going bankrupt..Plus ownership regulations will not allow a private takeover...after all it is still the flag carrier for the nation. I just did a few calculations that the average cost per day to run the airline is 17.5 billion dollars divided by 365 days last year is 48 million per day. Cut that in half due to reduced capacity and 7.8 billion in cash and lines of credit will last for 325 days. If things get worse costs can drop to the floor until more money starts coming in than is going out. The government will buck up not with a bailout but spend the necessary money so that this essential infrastructure is in place for the economic turnaround.
Unless the b*^%ers of this country that have bankrupt every airline in this country over the last 80 years want to walk from coast to coast.
When the share price gets out of control like this, it is like when it gets too high. Market forces are just too strong for the shorts and deep pools to hold back. Look at the graphs from past market performances in prices.
Its rediculous. There is 7.8 billion in cash and cash equivalents plus at least 10 billion net in unencumbered assets. That's value. Divide that by 264 million share holders and you get $67 per share. Money is like water. It flows to the low ground and it will not be held back by any wall or "dam". When it flows back into AC it will come like a tsunami.