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Delta and Northwest both have file for chapter 11 protection today ... Rate this Topic:
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BigBlock
Posted : Wednesday, September 14, 2005 5:58:08 PM
Registered User
Joined: 10/7/2004
Posts: 2,126
after the market close. Trading of NWAC was halted in after hours session.
Good luck.
Bamilus
Posted : Thursday, September 15, 2005 7:09:14 PM
Registered User
Joined: 9/1/2005
Posts: 16
QUOTE (BigBlock)
after the market close. Trading of NWAC was halted in after hours session.
Good luck.


Wow, I heard about the bankruptcies, but I didn't hear they halted trading.
BigBlock
Posted : Thursday, September 15, 2005 10:01:39 PM
Registered User
Joined: 10/7/2004
Posts: 2,126
Bamilus everything that goes on in the market doesn't hit the news. Mostly if they do not want you to know.
At any rate, this was in the news later around, although I saw it as it happened in the after session.
They had to calm people. When I dumped my 2000 shrs during regular hours the time and sales window and the level II where scrolling so fast I thought there were going to go up in smoke. There was no point in looking at them, they weren't legible. It took me a split second to hit the sell at market - at that moment price was 3.05 and my shares when went at 2.72 the bids and ask at that point were already at about 2.58. By the end of the day down to 1.52, and today in the .80's With time you will experience things of this nature if you daytrade; it is not a pleasant experience, but one you have to learn to live with.
Take care.
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