United Airlines Stock Drops 99.92% - GoFuckYourself.com

DateDoc · 09-08-2008, 08:38 AM

Trading halted. Stock goes from $12.30 to $0.01. Rumors of bankruptcy surfaced on a website. United says the rumors are false.

http://finance.yahoo.com/q?d=t&s=UAUA

DateDoc · 09-08-2008, 08:43 AM

looks like it was bloombeg that reported the bankruptcy rumor and they are getting hit with traffic. Won't open here. www.bloomberg.com

Zebra · 09-08-2008, 08:46 AM

Damn, someone is getting fired.

- Jesus Christ - · 09-08-2008, 08:46 AM

... lolz

IllTestYourGirls · 09-08-2008, 08:51 AM

time to buy some penny stocks?? lol

Vagisil · 09-08-2008, 08:53 AM

i bet the ppl that bought the stock at .01 are laffing their asses off at 8.3

WiredGuy · 09-08-2008, 08:55 AM

Quote:

NEW YORK (CNNMoney.com) -- The parent company for United Airlines denied rumors of a bankruptcy filing Monday, after its stock plunged 27% on the speculation.

Where did you see it dropped 99.9%?
WG

sortie · 09-08-2008, 08:56 AM

Wow, wish I could have gotten $100 worth at .01cent.

HomerSimpson · 09-08-2008, 08:58 AM

OMG!
this thing is bad!

PS: I'm in for 10,000 stocks at that price ...
They can't be worth less than that

WebairGerard · 09-08-2008, 09:09 AM

wonder how many got it at that bargain pricing

Barefootsies · 09-08-2008, 09:10 AM

Quote:

Originally Posted by IllTestYourGirls

time to buy some penny stocks?? lol

L-Pink · 09-08-2008, 09:14 AM

What kind of a dumbass would sell that cheap? Congrats to anyone that turned 100,000.00 into 100.00 based on rumors ... you shouldn't be in the stock market anyway.

polish_aristocrat · 09-08-2008, 09:33 AM

Quote:

Originally Posted by WiredGuy

Where did you see it dropped 99.9%?
WG

http://www.nytimes.com/2008/09/09/bu.../09air.html?hp

Quote:

United shares traded at one cent in late morning on the New York Stock Exchange, down 99.92 percent, or $12.29. Its volume was more than 29 million shares. Trading in United shares was halted at 11:08 a.m., pending news from the company. At the time, shares were still down 27.07 percent, at $8.97.

Rhesus · 09-08-2008, 09:39 AM

Those in the know have become instant billionaires here (and others have become instant street bums).

notime · 09-08-2008, 09:40 AM

holy shit, their stock goes down faster the any plane

Trax · 09-08-2008, 09:43 AM

Quote:

Originally Posted by Rhesus

Those in the know have become instant billionaires here (and others have become instant street bums).

imagine limit buy orders triggering at 1 2 or shit... even 10 cents lol
buying tens of thousands of shares
some people are gonna make a shit load of money today
i can not imagine how happy those with put options are
jesus
im jealous

Vendot · 09-08-2008, 09:46 AM

If you managed to pick up $1000 at $0.01

Youd now be sitting on $800k

Not bad for a few hours work.

CaptainHowdy · 09-08-2008, 10:01 AM

Someone is jumping through the skies as it is ...

Rhesus · 09-08-2008, 10:03 AM

Instant billionaires is of course an exaggeration, with 27 million shares being traded, but one gets the point.

brand0n · 09-08-2008, 10:04 AM

jesus how did we miss that??

seeandsee · 09-08-2008, 10:09 AM

fuck, 500$ then is 40k now

klaze · 09-08-2008, 10:09 AM

I wonder if my pops got in on that he's up at 5am every day...

The stock market is based on fear and rumors.. it's a fucking dangerous place..

http://finance.yahoo.com/q?s=UAUA

It's still fluctuating quite a bit..

klaze · 09-08-2008, 10:16 AM

Damn it happened at like 11am.. anyone who was watching the market could have easily made a killing..

fuck.. why didn't I wake up earlier today.. free money.

Vendot · 09-08-2008, 10:21 AM

Quote:

Originally Posted by seeandsee

fuck, 500$ then is 40k now

No....... $500 worth of shares at $0.01 = $550,000

(Yes, over half a million dollars)

I correct my earlier, $1000 of shares at $0.01 = 1,100,000 (assuming current $11 share price)

Penthouse Tony · 09-08-2008, 10:22 AM

Someone from the Florida Sun Sentinel either made a lot of money and is going to go to jail for it or they fucked up and are getting fired. Either way bad day for someone.

deniska · 09-08-2008, 10:24 AM

damn this is fucking crazy now imagine someone had a limit order and it got sold.. that would suck

Vendot · 09-08-2008, 10:27 AM

http://www.forbes.com/2008/09/08/ual...rtner=yahootix

Sweet money for anyone outside the USA

boneprone · 09-08-2008, 10:28 AM

I am happy to say, I am a proud owner of UAUA stock.

boneprone · 09-08-2008, 10:28 AM

And no, I didnt buy it at a penny.

boneprone · 09-08-2008, 10:29 AM

I am heading out of Country tonight. Ill be in China.

DateDoc · 09-08-2008, 10:32 AM

Quote:

Originally Posted by WiredGuy

Where did you see it dropped 99.9%?
WG

MarketPlace has since removed the story but I found a reference to it on Forbes.

Quote:

Shares of United Airlines parent UAL were nearly wiped out late Monday when a six-year-old Chicago Tribune story on the company's prior bankruptcy apparently resurfaced as new news, sparking a run on the stock.

UAL (nasdaq: UAUA - news - people ) stock was trading at a penny a share at 11:30 a.m. Eastern Daylight Time Monday, after closing at $12.30 per share Friday. Trading in the shares was halted until 12:30 p.m. "It's not true," said UAL a spokeswoman of the bankruptcy report. She declined to elaborate further.

http://www.forbes.com/media/2008/09/...siness_medi a

Vendot · 09-08-2008, 10:32 AM

Quote:

Originally Posted by boneprone

I am heading out of Country tonight. Ill be in China.

Yeah..... and tesco is buying out UAUA.

So they can add it to the store card and give free airmiles.

Elli · 09-08-2008, 10:35 AM

Quote:

Originally Posted by Trax

imagine limit buy orders triggering at 1 2 or shit... even 10 cents lol
buying tens of thousands of shares
some people are gonna make a shit load of money today
i can not imagine how happy those with put options are
jesus
im jealous

Totally what I was thinking. Wow.

Vendot · 09-08-2008, 10:36 AM

Anyway, whats to stop anyone putting shit loads of indefinite limit orders to buy stock at $0.01 on just about everything listed? Sure its not gonna happen but if it does, youre made.

DateDoc · 09-08-2008, 10:43 AM

Sun Sentinel says they did not put the story up even though it was on their website. I wonder if someone hacked their site and put the story on and made mad $$$$$$$. It was a 6 yr old story from the Chicago Tribune. Both papers are owned by the same company I believe.

Vendot · 09-08-2008, 10:48 AM

Quote:

Originally Posted by DateDoc

Sun Sentinel says they did not put the story up even though it was on their website.

Well they maybe they are sentinel but they didnt guard their site very well.... haha geddit? Sorry english joke.

X Industry Jobs · 09-08-2008, 11:17 AM

I wonder who is going to get fired.

klaze · 09-08-2008, 11:22 AM

Quote:

Originally Posted by X Industry Jobs

I wonder who is going to get fired.

Some assisstant editor kid fresh out of college.

stevo · 09-08-2008, 11:34 AM

Market Makers probably just dropped the bid to create panic and raped a few investors. I seriously doubt anybody else other than the market makers made any money on this. They probably kept the ask up high to help prevent others from buying.

borked · 09-08-2008, 01:46 PM

amazing pick up for anyone that caught it... so it was some old news story that resurfaced as new... hmmm, some insider news site job hehe - congrats to all the winners.

klaze · 09-08-2008, 01:51 PM

Quote:

Originally Posted by stevo

Market Makers probably just dropped the bid to create panic and raped a few investors. I seriously doubt anybody else other than the market makers made any money on this. They probably kept the ask up high to help prevent others from buying.

You are likely right.

woj · 09-08-2008, 01:59 PM

Quote:

Originally Posted by Vendot

Anyway, whats to stop anyone putting shit loads of indefinite limit orders to buy stock at $0.01 on just about everything listed? Sure its not gonna happen but if it does, youre made.

great strategy, except, 99% of the stocks that drop to 1 cent are probably worthless... so you would have to eat the losses 99% of the time, hoping to score a win like this one...

Penthouse Tony · 09-10-2008, 09:42 AM

And Google gets the blame...

http://www.bizjournals.com/losangele...8/daily21.html

09-08-2008, 08:38 AM	#1
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	United Airlines Stock Drops 99.92% Trading halted. Stock goes from $12.30 to $0.01. Rumors of bankruptcy surfaced on a website. United says the rumors are false. http://finance.yahoo.com/q?d=t&s=UAUA __________________

09-08-2008, 08:43 AM	#2
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	looks like it was bloombeg that reported the bankruptcy rumor and they are getting hit with traffic. Won't open here. www.bloomberg.com __________________

09-08-2008, 08:46 AM	#3
Zebra Banned from Kimmy's couch Industry Role: Join Date: Oct 2001 Location: Down at Fraggle Rock Posts: 5,091	Damn, someone is getting fired. __________________ Old School

09-08-2008, 08:46 AM	#4
- Jesus Christ - Confirmed User Industry Role: Join Date: Mar 2003 Location: ::::::::::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: ::::::\|\|\|\|\|\|\|\|\|\|\|\|:::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: :::::::::::::::::::::::: Posts: 7,197	... lolz __________________ Amen

09-08-2008, 08:51 AM	#5
IllTestYourGirls Ah My Balls Industry Role: Join Date: Feb 2007 Location: Under the gold leaf ICQ 388-454-421 Posts: 14,311	time to buy some penny stocks?? lol __________________

09-08-2008, 08:53 AM	#6
Vagisil Confirmed User Join Date: Mar 2002 Location: stank poona Posts: 399	i bet the ppl that bought the stock at .01 are laffing their asses off at 8.3 __________________ I fix your discharge.....

09-08-2008, 08:56 AM	#8
sortie Confirmed User Industry Role: Join Date: Mar 2007 Posts: 7,771	Wow, wish I could have gotten $100 worth at .01cent. __________________

09-08-2008, 08:58 AM	#9
HomerSimpson Too lazy to set a custom title Industry Role: Join Date: Sep 2005 Location: Springfield Posts: 13,826	OMG! this thing is bad! PS: I'm in for 10,000 stocks at that price ... They can't be worth less than that __________________ Make a bank with Chaturbate - the best selling webcam program Ads that can't be block with AdBlockers !!! /// Best paying popup program (Bitcoin payouts) !!! PHP, MySql, Smarty, CodeIgniter, Laravel, WordPress, NATS... fixing stuff, server migrations & optimizations... My ICQ: 27429884 \| Email:

09-08-2008, 09:09 AM	#10
WebairGerard Confirmed User Industry Role: Join Date: Sep 2005 Posts: 8,113	wonder how many got it at that bargain pricing __________________

09-08-2008, 09:14 AM	#12
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,151	What kind of a dumbass would sell that cheap? Congrats to anyone that turned 100,000.00 into 100.00 based on rumors ... you shouldn't be in the stock market anyway.

09-08-2008, 09:39 AM	#14
Rhesus Confirmed User Join Date: Aug 2004 Posts: 2,009	Those in the know have become instant billionaires here (and others have become instant street bums).

09-08-2008, 09:40 AM	#15
notime Confirmed User Industry Role: Join Date: Jun 2003 Location: cyberspace Posts: 8,022	holy shit, their stock goes down faster the any plane

09-08-2008, 09:46 AM	#17
Vendot Confirmed User Industry Role: Join Date: May 2002 Location: Malaysia Posts: 3,376	If you managed to pick up $1000 at $0.01 Youd now be sitting on $800k Not bad for a few hours work.

09-08-2008, 10:01 AM	#18
CaptainHowdy Too lazy to set a custom title Industry Role: Join Date: Dec 2004 Location: Happy in the dark. Posts: 94,142	Someone is jumping through the skies as it is ... __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available Great for TSS, Nifty Stats, remote work, virtual assistants, etc.

09-08-2008, 10:03 AM	#19
Rhesus Confirmed User Join Date: Aug 2004 Posts: 2,009	Instant billionaires is of course an exaggeration, with 27 million shares being traded, but one gets the point.

09-08-2008, 10:04 AM	#20
brand0n been very busy Join Date: Nov 2002 Location: the queen city Posts: 26,983	jesus how did we miss that?? __________________ want to buy this spot for cheap? it is of course for sale. long term deals are always the best bet. brand0n/ at/ a o l dot commies.

09-08-2008, 10:09 AM	#21
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	fuck, 500$ then is 40k now __________________ BUY MY SIG - 50$/Year Contact here

09-08-2008, 10:09 AM	#22
klaze So Fucking Banned Join Date: May 2008 Location: Adult Marketing Mecca Posts: 2,167	I wonder if my pops got in on that he's up at 5am every day... The stock market is based on fear and rumors.. it's a fucking dangerous place.. http://finance.yahoo.com/q?s=UAUA It's still fluctuating quite a bit.. Last edited by klaze; 09-08-2008 at 10:14 AM..

09-08-2008, 10:16 AM	#23
klaze So Fucking Banned Join Date: May 2008 Location: Adult Marketing Mecca Posts: 2,167	Damn it happened at like 11am.. anyone who was watching the market could have easily made a killing.. fuck.. why didn't I wake up earlier today.. free money. Last edited by klaze; 09-08-2008 at 10:17 AM..

09-08-2008, 10:22 AM	#25
Penthouse Tony Confirmed User Industry Role: Join Date: Apr 2004 Location: Mountain View, CA Posts: 5,835	Someone from the Florida Sun Sentinel either made a lot of money and is going to go to jail for it or they fucked up and are getting fired. Either way bad day for someone. __________________ aamos AT FFN dot com Penthouse.com Business Development ICQ: 49090846 \| Yahoo IM: ff_aamos

09-08-2008, 10:24 AM	#26
deniska Confirmed User Industry Role: Join Date: Mar 2001 Location: Miami Beach, FL Posts: 1,053	damn this is fucking crazy now imagine someone had a limit order and it got sold.. that would suck

09-08-2008, 10:27 AM	#27
Vendot Confirmed User Industry Role: Join Date: May 2002 Location: Malaysia Posts: 3,376	http://www.forbes.com/2008/09/08/ual...rtner=yahootix Sweet money for anyone outside the USA

09-08-2008, 10:28 AM	#28
boneprone Hall Of Fame Industry Role: Join Date: Jan 2001 Location: Portland Oregon USA Posts: 34,415	I am happy to say, I am a proud owner of UAUA stock. __________________ Industry Hall Of Fame Legend Mike Jones Bow to the Power - Still BP4L http://gfyawards.com/hall-of-fame Learn about it kids.

09-08-2008, 10:28 AM	#29
boneprone Hall Of Fame Industry Role: Join Date: Jan 2001 Location: Portland Oregon USA Posts: 34,415	And no, I didnt buy it at a penny. __________________ Industry Hall Of Fame Legend Mike Jones Bow to the Power - Still BP4L http://gfyawards.com/hall-of-fame Learn about it kids.

09-08-2008, 10:29 AM	#30
boneprone Hall Of Fame Industry Role: Join Date: Jan 2001 Location: Portland Oregon USA Posts: 34,415	I am heading out of Country tonight. Ill be in China. __________________ Industry Hall Of Fame Legend Mike Jones Bow to the Power - Still BP4L http://gfyawards.com/hall-of-fame Learn about it kids.

09-08-2008, 10:36 AM	#34
Vendot Confirmed User Industry Role: Join Date: May 2002 Location: Malaysia Posts: 3,376	Anyway, whats to stop anyone putting shit loads of indefinite limit orders to buy stock at $0.01 on just about everything listed? Sure its not gonna happen but if it does, youre made.

09-08-2008, 10:43 AM	#35
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	Sun Sentinel says they did not put the story up even though it was on their website. I wonder if someone hacked their site and put the story on and made mad $$$$$$$. It was a 6 yr old story from the Chicago Tribune. Both papers are owned by the same company I believe. __________________

09-08-2008, 11:17 AM	#37
X Industry Jobs Confirmed User Join Date: Aug 2007 Posts: 748	I wonder who is going to get fired. __________________ http://www.hotjobsalert.com [email protected]

09-08-2008, 11:34 AM	#39
stevo Confirmed User Join Date: Aug 2002 Location: Orlando, Florida Posts: 2,051	Market Makers probably just dropped the bid to create panic and raped a few investors. I seriously doubt anybody else other than the market makers made any money on this. They probably kept the ask up high to help prevent others from buying.

09-08-2008, 01:46 PM	#40
borked Totally Borked Industry Role: Join Date: Feb 2005 Posts: 6,284	amazing pick up for anyone that caught it... so it was some old news story that resurfaced as new... hmmm, some insider news site job hehe - congrats to all the winners. __________________ For coding work - hit me up on andy // borkedcoder // com (consider figuring out the email as test #1) All models are wrong, but some are useful. George E.P. Box. p202

09-10-2008, 09:42 AM	#43
Penthouse Tony Confirmed User Industry Role: Join Date: Apr 2004 Location: Mountain View, CA Posts: 5,835	And Google gets the blame... http://www.bizjournals.com/losangele...8/daily21.html __________________ aamos AT FFN dot com Penthouse.com Business Development ICQ: 49090846 \| Yahoo IM: ff_aamos