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American Airlines Group Inc. Message Board

  • fuzzhead72 fuzzhead72 Feb 3, 2014 2:58 PM Flag

    sold my first AAMRQ distribution at $34 earlier today

    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.

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    • havatoy Feb 14, 2014 8:45 AM Flag

      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.

    • Big ,big mistake !!!

      • 1 Reply to maurorinaldini
      • 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.

    • todd_walker2 Feb 3, 2014 3:07 PM Flag

      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.

      Sentiment: Hold

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