i just bought a tiny bit of Delta Airlines (DAL)

[ARCHIVED THREAD] - i just bought a tiny bit of Delta Airlines (DAL)

Posted: 8/16/2005 10:29:11 AM EDT

$1.43 a share. 210 shares. I'm betting that Delta will go into bankruptcy in October, and emerge next year. I'm thinking that they will emerge from Chapter 11 with a higher stock price.

Posted: 8/16/2005 4:02:52 PM EDT

[#1]

Get rid of it quickly! No joke. airlines are the worst investment. The only viable one is Jet Blu

Posted: 8/17/2005 3:08:56 PM EDT

[#2]

It is a gamble, and I'm not too concerned, as my total gamble was $305.30 including commission.

Posted: 8/19/2005 3:25:09 AM EDT

[#3]

You're nuts. You bought a transportation stock with fuel prices what they are?

I never heard of imminent bankruptcy being a compelling reason to own a stock, either. Usually what people do in BK's is assume the bad debt from pessimistic creditors at a deep discount and then bargain with the company to pay it off at a higher rate than you assumed it for.

Posted: 8/19/2005 5:42:05 AM EDT

[#4]

Yup, I may very well be nuts. I have relative who got rich doing this, though. For $305, I feel comfortable with the gamble. This is a long term hold stock. If I lose it all, I'm only out $305.

Posted: 8/19/2005 10:45:43 AM EDT

[#5]

Quoted:
Yup, I may very well be nuts. I have relative who got rich doing this, though. For $305, I feel comfortable with the gamble. This is a long term hold stock. If I lose it all, I'm only out $305.

Next time forget the stock and send me $305.

Sorry couldn't resist.

Posted: 8/19/2005 1:40:50 PM EDT

[#6]

CMIIW, but when a Co. files Ch.11 the stock becomes worthless. As someone said above, it's the debt you want to invest in.

Posted: 8/20/2005 5:18:48 PM EDT

[#7]

The chart doesn't look good.

I don't think it will go down much more before they declare chapter 11 so you may be able to get rid of it on the next swing....hint...hint

Posted: 8/21/2005 8:32:55 PM EDT

[#8]

Yes. That's a risk, but there could also be a HUGE payoff. If they merge, your shares could go up by $10 to $15 or more a piece. If they go bankrupt, you could still get your money back, MAYBE, because common stock holders are the last to be paid, you probably won't.

There is also a good chance that the .gov will bail them out like they did with Daimler-Chrysler.

Posted: 8/22/2005 11:08:04 AM EDT

[#9]

It's only 300 bucks. Most peoples accounts fluctuate that much or a lot more a day. You can always write it off as a loss if nothing happens. You may do well on it and come out double or tripling your money. good luck.

Posted: 8/23/2005 4:21:04 AM EDT

[#10]

Well, like he said in an earlier post, it's a GAMBLE not an investment.

Posted: 8/23/2005 4:31:19 AM EDT

[#11]

I talked and talked about buying MCI WorldCom stock when it was down to 10 cents or whatever it was down to. I think I should have done it... (with 'disposable' gambling money, that is)

Posted: 8/23/2005 4:33:44 AM EDT

[#12]

all I can say is... wow.

Posted: 8/27/2005 2:29:42 PM EDT

[#13]

What a damned shame! Delta The Airline Run By Professionals. Damned shitty management the last few years has got them where they are now! Don't know if Grandpa Grinny can save Delta,thanks a helluva lot,Leo!

Posted: 8/27/2005 2:41:49 PM EDT

[#14]

DO NOT PURCHASE AIRLINE STOCK! It's worthless. Airlines don't make money.

[ARCHIVED THREAD] - i just bought a tiny bit of Delta Airlines (DAL)

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