Pinksheets trading AMR Corp. (OTC PINK: AAMRQ) has been speculated to be preparing a merger with US Airways (NYSE: LCC). US Airways reported earnings earlier this week posting earnings of 11 cents per diluted share, net income of $18 million, for Q4.
A major obstacle to a potential merger was cleared today when US Airways and its flight attendants agreed to a tentative contract deal after five years of talks. The Tempe, AZ, based airline announced the deal in the early morning hours Friday but have yet to release any details.
Earlier this week, US Airways Group CEO Doug Parker made it clear to all that they are studying all possible scenarios which would lead to acquiring American Airlines.
Historically speaking from their 2005 merger, US Airways’ path to a merger with AMR is complicated due to the company’s inability to merge pilot and flight attendant contracts at the two predecessor airlines.
Now it seems that Delta Air Lines (NYSE: DAL), a consolidator in the airline industry, has also thrown its name in the hat as a potential suitor for one of the two above airlines. The world’s No. 2 airline by traffic is also assessing a move for American Airlines parent AMR Corp.
Delta Air Lines is working with Goldman Sachs Group Inc. as one of its financial advisers, along with Blackstone Group and is studying several options.
AAMRQ.PK traded 18,712,208 shares to close Friday’s trading session up 4.85% at 0.69.
AAMRQ.PK has gained 97.71% since being delisted to the PINKSHEETS earlier this month and is trading at 246.00% above its 52 week low and -92.22% below its 52 week high.
AAMRQ.PK has a Market Cap of $231.98M.
For the Swing Traders, AAMRQ.PK is a must watch penny stock as the Day’s Range was 0.66 – 0.72. A cool easy swing trading stock to lock 10% almost every day if you know how to spot the top and bottom.
“Be fearful when others are greedy, and be greedy when others are fearful.” – Warren Buffett
If you really want to make some considerable profits from the stock market, it is possible to make a considerable amount of money on penny stock trading. When you find the right penny stock to buy, knowing when to buy and sell is the second most important tool to maximizing your profits.
Being technical, analytical or just flat-out greedy when trading penny stocks is the easiest way to limit profits and, sometimes, even lose your entire investment. You need to have a strong and strict strategy to achieve your goal of maximizing profits while minimizing risks in penny stocks.
Listed below are a few of the many points each and every penny stock investor needs to discover.
- Do your own research.
- Trade Responsibly.
- Verify everything.
- Move Fast or Get Left Behind.
- Do not use market orders to enter a position, use limit orders.
- Have a System That fits You.
- If a Stock Gaps Open, Look for Pullbacks to Enter.
- Plan a Trade and Trade a Plan.
- Always use stop loss orders to protect yourself.
- Positive Self- Belief.
- Keep trading as Part of a Balanced life.
- If a stock breaks below our alert price GET OUT. Do not wait.
- View Trading as a Score in Points and Not In Money:
- Always take your profits whenever you can. Do Not Be Greedy.
- Work Hard at Learning How to Trade Properly and Keep Working.
- Do something to make someone else’s life better today.
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