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Not sure I agree with that. This stock is being controlled by the shorts. I agree that it's a good buying opportunity. AMR is not going out of business.
Why anybody should invest any money in this stock if it is controlled by the shorts. airlines stocks were never good stocks to begin with. Oil demand has to increase, it cannot decrease. so airlines will always just barely get by.
Look at the history of this stock. You have always been rewarded in this price range. Airlines are out of favor, at least for today.
Hang in there perm - you got the right idea. AMR is a good investment right here.