I decided to sell my first AAMRQ distribution (~25% of eventual total) today at $34, so technically I guess I don't own any AAL stock at the moment. (I had also placed a portion of it into $20 Jan 2016 call options, which appreciated a nice 71%, from 880 to 1510 over the past 7 weeks) I did it for 3 reasons:
1) There seems to be a lot of gloom and doom resurfacing in the market lately, and I think it could spread to AAL as well, since it will be a while before the next earnings report. Originally I had thought about selling some at $28, then $30, then $32. At $34, I finally decided to lock in some profits on a portion.
2) I had roughly 94% of our $$ invested in AAL, and decided it was time to re-diversify. I think we'll also take a nice vacation somewhere.
3) There are still the future AAMRQ distributions, around 75% of the stock, which will participate if the stock continues to go up.
Well on behalf of Uncle Sam...THANKS!!!
Did you realize you'll pay at least 45% for Fed & State tax?! (4.5% Health care windfall tax kicks in)!
Personally, I'd rather wait until Sept, to have an additional $20 per share increase, and 20% less total tax as long term gains!
And I bought large at $2.87 on AAMRQ!
Agree with option buys, but max of AAMRQ should have been only original cost of stock.
Thanks for helping to pay down deficit! : - )
Smart ones- HOLD & buy in dips to HOLD.
No, I don't think so. This will allow me to pay for some vehicle repairs, take a family vacation, and diversify my investments a little at the same time. Keep in mind that 3 of the 4 distributions are still coming. Because of that, those would still participate in any share price increase. If the stock dips a little, I may also put a bit back into LEAPS, since obviously I still think this will go up into the 40's eventually.
AAL is going to $40 no matter what happens to this Ignorant Destructive Obama administrative CROOKS !
OBAMA COMMUNIST health Care is going to CREATE Massive Unemployment 3rd Q this Year - AAL wil hit $40 before that - that is the TIME to SELL OUT of AAL - SELL in Sept !
Year End Market Crash - due to COMMUNIST HEALTH CARE !!!
There's never anything wrong about taking some or all profit when you're in a positive position. In fact, if you don't, you'll never win a trade. You're reasons are your own and with the run up your position after all distributions will still exceed what it was 7 weeks ago. Personally, I am holding but I will say to you well done.
When did you buy? Are you doing your part to lessen the deficit (tax rate?)? Just curious? I am holding for LTCG and maybe even trying to hold until 2015 so I can avoid the Passive Investment Income Tax.
Looks like I bought it around Halloween, when American was about $7.35 a share. About 2/3 of our shares are in Roth IRA's, so the taxes aren't as important for us. Each $100 I invested turned into about $290, if I am figuring it right. (adding a bit for the options)