United Airlines Stock Trading Halted

really a non-story unless you were lucky enough to pick up 17000 shares at 3.70

UAL (UAUA - Cramer's Take - Stockpickr), the parent of United Airlines, denied an unsubstantiated report Monday that it had filed for bankruptcy protection.

"Completely untrue," said United spokeswoman Jean Medina, in an email message.

United shares opened Monday at $12.16 and plunged as low as 1 cent in morning action before trading was halted.

Where the bankruptcy reports originated remains unclear. However, on Monday morning, a 2002 Chicago Tribune story headlined "United Files For Bankruptcy," appeared on some Web sites with a date of Sept. 6, 2008.

In a report, Standard & Poor's airline analyst Jim Corridore reiterated a hold on the airline. "We expect the stock to rebound upon resumption of trading, and we expect UAUA to get a press release out quickly," he said.

"We expect the stock to rebound upon resumption of trading, and we expect UAUA to get a press release out quickly," he said.
Sould we buy now?!? (After it re-opens)