| TigerSoft News Service 11/28/2011
American Airlines - Bankruptcy
How many times have you flown on Americal Airlines?
It was on an American Airlines DC-3 I took my first airline flight.
I remember building model airplanes and putting on the American Airlines logo decals
on the assembled plane.
As American as apple pie, now it is bankrupt. Lots of thoughts rush by the wings
of my mind now.
But my charge here is showing folks how to trade stocks profitably using TigerSoft
charts' portrayal of insider and professional buying and selling.
AMR's TigerSoft chart showed all the usual
signs of a stock headed for bankruptcy.
Compare its Tiger chart with others our
web-page has shown.
See: TigerSoft's Killer Short Sales and http://www.tigersoft.com/Stock-of-The-Day/index.html
1) Steep Decline below $5. These stocks can't be margined. But at this stage
in the market cycle, stocks under $5 are at greater risk.
2) Relative Strength New Lows.
3) Steady Closing Power Decline representing Professional Selling.
4) Opening Power Strength representing Public Buying, which is usually wrong.
5) Deep drops by Accumulation Index. Red Distribution shows Insider Informed
6) Red Price Bars - Heavy Volume on Down Days - Institutional Dumping.
7) TigerSoft Automatic Sells and No Automatic Buys.
11/29/2011 American Airtlines Bankruptcy
"NEW YORK (Reuters) - American Airlines shares were having their busiest day in history on Tuesday after the company's parent filed for bankruptcy, even taking account of 16 mandatory trading halts due to the volatility.
Shares of AMR Corp, the parent of American Airlines, dropped 80 percent to 32 cents, with more than 125 million shares traded after the company's bankruptcy. It ranked as second-most active early on Tuesday afternoon behind Bank of America.
The stock was halted repeatedly in the early hours of trading due to volatility. A stock in the Russell 1000 index that moves more than 10 percent in a five-minute period is halted under circuit breaker rules adopted by U.S. exchanges after the May 2010 "flash crash."
With a stock at such a low price as AMR, it only takes a move of a few cents to hit the
10 percent threshold that triggers a halt."
Plane Crashes and Significant Events Since 1970 for American