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Wednesday, January 09, 2008

OMG, just have lost nearly two third of gains made. Blood letting continues on AMR. Is it options manipulation? Or something more severe?

Yes there's earnings concern with oil high, but they seem to have 21B in cash which seems enough to drag it through in the near term at least and not straight into bankruptcy.. Spin off will reduce debt more. Could have good value going ahead. Really tempted to buy more but don't want to increase margin position.

Oh well, atleast will end active investment by self. Debating on whether to buy KBH home.. tempting..