Over the counter

[Consilium]

Be very carefull when investing in this kind of companies. As the Q in DALRQ suggest and you may or may not know this means that the company is currently under bankruptcy. In order for companies to come out of bankruptcy they must go thru a certain process that takes time, one of this steps is to pay back some of its debt with the money it can obtain from selling assets... they generally turn shares into simple paper since most companies, when comming out of bankruptcy null all existing shares and issue new ones.

[perry]

Thanks Consilium, I knew I couldn't ride it very long, they plan a spring bankruptcy exit so I guess I'll get out by Dec.

[devin0116]

Isn't getting out of bankruptcy going to increase the stock value??

[devin0116]

and also there's a possible merge right? I've been spotting Delta and Northwest for a lont time now. How come Northwest gained 120% in last two days and Delta decreased??

[lehayes]

Consilium is right. Not only does a "Q" indicate a bad move into a bankrupt stock (and this one is) you also chose an airline. Have you read the papers or watched the news? Airlines have been in really bad dire straights since the 9/11 incident. They are a high risk investment. If you are 400% to the good on it, I would recommend that you consider another play soon and quick. There are two areas in the market that are a high risk, one is the airlines as they are always going broke and the other is pharmaseuticals. This is not to say they are bad totally, but a high risk that only someone with serious cash flow would consider touching. All it takes is someone dying of cancer to kill a pharmaseutical and for airlines, all it takes is a talk on the news about gas price hikes. Very risky.