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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (14731)7/2/2002 7:09:43 PM
From: Wallace Rivers   of 78692
 
Reentered LUV today @ $14.70. Might not have picked it up, was on the road when my lowball (I thought) bid hit. Looks like load factor and RPM was weak. Looking at SGH below $10, also picking up some more VVR on weakness.

Regrettably, sold AOL today for a loss. The investment grade debt is trading like junk. Either there is a serious mis-pricing going on here in the debt, or there is more bad news to come. I don't know, and decided to step back.
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