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Airline Shares Plunge After Terror Alert (ABC/AP)

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democraticinsurgent Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-10-06 02:37 PM
Original message
Airline Shares Plunge After Terror Alert (ABC/AP)
Shares in Airline and Travel Companies Drop Sharply After Terrorist Alert
The Associated Press

LONDON - Shares of airlines and travel companies dropped sharply Thursday after British authorities reported they thwarted a terrorist plot to blow up several aircraft in flight between the United States and the Britain.

As heightened security measures caused long delays and canceled flights at airports around Europe and the United States experts said the alert could be a severe blow to both industries.

"You will always see a selloff based on the headlines today, but investors and analysts will now be waiting to see the depth of issues," said Henk Potts, equity strategist at Barclays Stockbrokers.

Shares of U.S. airlines were hit hard in pre-market trading. American Airlines parent AMR Corp.'s stock fell 69 cents, or 3.4 percent, to $19.60. Shares of UAL Corp., the parent of United Airlines, fell $1.80, or 7.6 percent, to $22.03. Continental Airlines Inc. fell $1.51, or 6.2 percent, to $22.70

more:

http://abcnews.go.com/Business/print?id=2295959

============================================================================

Shall we poke around and see what big boys have been selling airline stock on a "short" basis, eh?
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CJCRANE Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-10-06 02:48 PM
Response to Original message
1. B*st*rds.
This whole terror scare is an attack on the global economy.
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sgxnk Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-10-06 03:17 PM
Response to Reply #1
6. terror scalps
i have what i refer to as my "terror baskets" set up on my trading browser

i can often get some nice profitable scalps when news like this comes over the wire, press a button and simultaneously purchases a basket of stocks

in the london subway bombing, one stock went up over 1,000%

(yes, that was one THOUSAND percent)

i caught a bit of that

it promptly went down to its opening level even faster

gotta have a really good direct access broker imo to trade this stuff

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CJCRANE Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-10-06 03:20 PM
Response to Reply #6
7. Well
I wish I had your financial acumen. I'm not getting anything out of this war on terror business except stress and headaches.
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sgxnk Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-10-06 03:24 PM
Response to Reply #7
8. im a trader
so i take it very seriously. it's how i make a living

it can be very stressful, but im very zen about it

i have dumbbells in my trading room, lots of foliage, 2 cats, and i've even traded with a heart rate monitor

im working on the personal masseuse and im taking applications :)
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joeclay Donating Member (2 posts) Send PM | Profile | Ignore Thu Aug-10-06 03:37 PM
Response to Reply #7
9. Know What I'm Gettin' Out of This War on Terror?
I'm learning to tell time. Voting time = orange, orange, orange.
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CJCRANE Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-10-06 04:37 PM
Response to Reply #9
10. Ain't that the truth!..nt
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sgxnk Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-10-06 02:51 PM
Response to Original message
2. i've done
a fair percentage of shorts (and puts) on airlines

and homebuilders

profitable

and i like having at least 20% shorts in my longer term portfolio
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democraticinsurgent Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-10-06 03:11 PM
Response to Reply #2
3. ain't nothing like trading shorts on insider info though...
ask the big boys who rolled up gazillions on the 9/11 chessboard...
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sgxnk Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-10-06 03:15 PM
Response to Reply #3
4. blue horseshoe loves anicott steel
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OKthatsIT Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-10-06 03:17 PM
Response to Original message
5. Any 'Put Options'?
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mom cat Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-10-06 06:17 PM
Response to Reply #5
11. LOL! ..... You just beat me to it!
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kestrel91316 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-10-06 10:37 PM
Response to Original message
12. Time to have a peek at who made money selling short.
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truthisfreedom Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-10-06 10:40 PM
Response to Original message
13. oops
Edited on Thu Aug-10-06 10:42 PM by truthisfreedom
never mind
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leesa Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-10-06 10:52 PM
Response to Original message
14. Who placed the put options? Does they still have their terror betting
game going...was that Rummie or Wolfowitz??
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