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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: Judy who wrote (7242)3/22/1998 10:01:00 PM
From: marc chatman   of 42787
 
Judy, shorting the airlines scares the daylights out of me, but yes I am considering it. I'd like some analyst to come out tomorrow and say the rise in oil prices should not affect the fundamental picture for the airlines. Then I would know the institutions are bailing.

NWAC is my most likely target. I see a bit of a bearish technical divergence, and it has been rising with the sector despite its Asian exposure. TWA is another possibility, but has limited downside.
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