Clipmarks - reimers's airlines

3
POPS scary... news effect on stock price

by reimers 9-9-2008

Its impact on United's stock was swift and terrible. In the span of 10 minutes, 24 million shares changed hands. The stock, trading at $12.45, crashed to $3, according to Nasdaq. So severe was the market's response that Nasdaq halted trading from 11:06 a.m. to 12:30 p.m. The exchange says the rest of the day's trades will stand. The problem, as most in the financial news industry and traders around the world now know, was that the story was six years old. The Chicago Tribune story ran Dec. 10, 2002, and appears to have been republished or resurfaced accidentally Sunday afternoon on the South Florida Sun-Sentinel's site.

3
POPS Win Points for McCain!

by reimers 8-8-2008