Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of American Airlines parent AMR
So what: Early trading saw AMR fall more than 10%, but the stock had recovered to a 6% loss as the closing bell approached. Trading volume is slightly above average but not enough to suggest panic selling when the Dow Jones Industrial Average
Now what: The seesaw pattern suggests there's a cadre of Big Money buyers who believe enough in American to prop up the shares as bears sell. Who's right? AMR's debt is now 149% of available capital. By contrast, United Continental Holdings
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Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.
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