In the courtroom.
11-09-2023, 07:45 AM
#91
Line Holder
Joined APC: May 2017
Posts: 55
I think most of Wall Street doesn’t even know there’s a trial going on. This is such an insignificant part of institutional investors portfolios they are busy researching things that can make them real money. I’m following the case very closely (I’m not a lawyer). But, even the most anti-merger “experts” agree that’s it’s at least a 50/50 chance it’s approved. If it’s approved the Spirit shareholders make out, if it’s not the stock will be down 60-70% overnight. Right now it looks like betting on black or red at the roulette table. At this point in the trial I wouldn’t look to Wall Street to estimate an outcome.
11-09-2023, 08:02 AM
#92
Gets Weekends Off
Joined APC: Dec 2009
Position: what???
Posts: 173
I think most of Wall Street doesn’t even know there’s a trial going on. This is such an insignificant part of institutional investors portfolios they are busy researching things that can make them real money. I’m following the case very closely (I’m not a lawyer). But, even the most anti-merger “experts” agree that’s it’s at least a 50/50 chance it’s approved. If it’s approved the Spirit shareholders make out, if it’s not the stock will be down 60-70% overnight. Right now it looks like betting on black or red at the roulette table. At this point in the trial I wouldn’t look to Wall Street to estimate an outcome.
11-09-2023, 08:05 AM
#93
off weekends (if Reserve)
Joined APC: May 2023
Posts: 353
What's different about SAVE? The bleeping trial.
11-09-2023, 08:12 AM
#94
The REAL Bluedriver
Joined APC: Sep 2011
Position: Airbus Capt
Posts: 6,920
One, do you know what judge Young is thinking, and how well the trial is going?
Two, how would you expect Wall Street to know more than you know about what judge Young is thinking?
11-09-2023, 08:25 AM
#95
That/It/Thang
Joined APC: Aug 2020
Posts: 2,921
Riddle me this: If NK is down because the money is on the merger being denied, why isn’t JBLU up this last week for the same reason? Wasn’t that the assumption, JBLU would go up if merger is denied?
11-09-2023, 09:21 AM
#97
Gets Weekends Off
Joined APC: Sep 2016
Posts: 931
Day 8 of Trial
David was in court today. See thread link below for summary
https://threadreaderapp.com/thread/1...831027472.html
https://threadreaderapp.com/thread/1...831027472.html
11-09-2023, 10:11 AM
#98
SDQ Base Chief
Joined APC: Mar 2006
Position: 320 CA
Posts: 5,667
I think the concern now is both airlines are headed for BK if the merger is denied. At least that’s the narrative being played
11-09-2023, 10:31 AM
#99
Gets Weekends Off
Joined APC: Mar 2006
Position: guppy CA
Posts: 5,171
Well, it feels to me like someone (probably a computer program) is hunting stop losses. Combined with the gambling nature of this play, that's enough to give significant downward pressure, no matter what appears to be the final verdict.
11-09-2023, 10:44 AM
#100
Gets Weekends Off
Joined APC: Sep 2014
Position: Da Bus, Left
Posts: 1,549
Wouldn't that be a ***** to get stopped out, only for the merger to be approved and miss out on $33/share....
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