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High profit for the fast trader - italkcash news

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Old 09-12-2008, 06:36 PM
Superior Investor
 
Join Date: Nov 2007
Posts: 10,363
Default High profit for the fast trader

I was just going through ths weeks highs and lows on the stock marked. There was one share that was showing an interesting pattern. The stock of United Airlines (AUAU) went down from about 12$ a shares to around 3$ a share but was back around 10$ again before the marked closed monday this week. The reason was 5 year old news. A florida newspaper posted a 5 year old story about United Airlines 2002 bankruptcy filling. The news was posted as current news and created panic at the stock exchange.

The fast trader could have gained a 250% profit with a little luck. Sorry all of you who has a stop loss on that stock.


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