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.

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