2007-05-21 05:07:16 · 5 answers · asked by Ron C 1 in Business & Finance ➔ Investing
Going, going, gone!
Once NWA exits bankruptcy (this month), those shares become worthless and new stock will trade under symbol NWA.
If you have any old shares, get rid of them soon. (though it might already be too late since NWA just got clearing from the judge to exit from bankruptcy next week). It (NWACQ) has already dropped from around 0.14 last Monday to less than 0.6 cents per share today 5/21.
Hope that helps!
2007-05-21 05:16:06 · answer #1 · answered by Yada Yada Yada 7 · 1⤊ 0⤋
Look at a graph over the last 3months, 6 months, 12 months….ect…. The stock is junk, and they will be going to the new stock ticker NWA (to get off the OTC-BB). I am not a fan of the pink sheets, but some people do make money with them…but the risk/reward is not there for myself! Just remember the stock was $66 in 97, $40 in 2000, $12 after 9-11, and now $0.007, there is a reason for that. No one wants to own it, and the stock market is all about demand.
2007-05-21 08:06:51 · answer #2 · answered by eshie 3 · 0⤊ 0⤋
Yes, yes I do. Here's one: Northwest stock should not comprise more than 6% of a total portfolio's value, nor should any single company stock.
2007-05-21 05:15:23 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Most of the airlines will get whacked by the high fuel prices pretty soon. The sector has been horrible for 20 years and will most likely stay that way.
2007-05-21 07:24:26 · answer #4 · answered by Anonymous · 0⤊ 0⤋
see the q at the end? That means bankruptcy which means stay away from them. Plus its an airline which is a stay the long hell away from them. Remember what happened to Delta....
2007-05-21 09:50:45 · answer #5 · answered by Anonymous · 0⤊ 0⤋