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US Airways Group, Inc. Message Board

mitchad1 1 post  |  Last Activity: May 4, 2015 8:16 PM Member since: Feb 13, 2011
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    Why the big drop?

    by daykwd May 4, 2015 12:54 PM
    mitchad1 mitchad1 May 4, 2015 8:16 PM Flag

    Only thing I saw was a link in market pulse about them issuing 150+M in Notes. Trading in notes started at noon today. Doesn't increase leverage that much, but maybe some of big owners did not like the move.

    Had a 5% position in portfolio - sold 1% when broke 8.20. Sold November 8 calls on 3%, and kept 1% unhedged. My cost basis was 8.28, and had raised my stop from 8.02 to 8.20. Could be worse - got 4 months of dividends. This is one of the wackiest investments I ever attempted - the sentiment just seems so negative.

    Sentiment: Hold