Sunday, September 14, 2008

SEC Opens Early Inquiry Into UAL Glitch

WSJ.com
This a good news for Monday, hope it will lead to some clarity;
One thing is for sure this news will lend a much needed helping hand to the  market.

Tuesday, September 9, 2008

United Airlines bankruptcy rumor, profiteering or not?

Although options activity on UAUA looks extremely legitimate.  Its doubtful that no one profiteered from the release of the 6 year old article on United Airlines, which led to UAUA loosing 75% of it value in a mater of minutes.
However and even if it was a human or computer error, The incident should be investigated thoroughly to prevent any long lasting dents to market confidence.