AMR Rumor Mill Builds Momentum (AMR)

Earnings are due on Wednesday and it seems that if AMR can get the numbers together and can manage to get a better public response together it might want to consider doing so. 

It has barely been two weeks when shares went from north of $3.00 on a Friday and went as low as $1.75 on that Monday after some aggressive reporting signaled that expedited early retirement trends from the pilots was signaling bankruptcy concerns.

When AMR defended itself and tried to deny this intention, the wording was such that anything was actually being left open as a scenario even if it was not preferred.

AMR shares are now down 6% at $2.75 on more than 6 million shares in less than two hours of trading, but the low for the day was $2.61.

JON C. OGG