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UAL ?????

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z104441



Joined: 12 Oct 2005
Posts: 4

PostPosted: Wed Oct 12, 2005 8:28 am    Post subject: UAL ?????Reply with quote
Can some one tell me how to invest in the NEW UAL? I've been told that the "ualaq" will be worthless on Feb 1, 2006. Is that true?
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The Mortgage-Pro
Site Admin


Joined: 19 Jan 2005
Posts: 2248

PostPosted: Sun Oct 16, 2005 5:09 am    Post subject: Reply with quote
Please give us the full company name.
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z104441



Joined: 12 Oct 2005
Posts: 4

PostPosted: Sun Oct 16, 2005 9:54 am    Post subject: UALReply with quote
UAL is the parent company of United Air Lines.
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The Mortgage-Pro
Site Admin


Joined: 19 Jan 2005
Posts: 2248

PostPosted: Mon Oct 17, 2005 9:30 pm    Post subject: Reply with quote
I would not touch those stocks with a 10 foot pole. The airlines are all in or near bankruptcy. High fuel prices are strangling this sector.
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z104441



Joined: 12 Oct 2005
Posts: 4

PostPosted: Tue Oct 18, 2005 2:50 am    Post subject: Reply with quote
I understand. I'm trying to understand why people are still trading "ual.aq" shares. When UAL comes out of bankruptcy won't there be new shares issued making the old ual.aq shares worthless? Or, is that assumption incorrect.
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