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Strategies & Market Trends : Sharck Soup

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To: Softechie who wrote (35587)	9/17/2001 10:20:43 AM
From: Softechie	of 37746

CAL No doubts shorts will jump on it when it opens. Continental Air (CAL) 39.64 unch (delayed): Issue indicated to open $19-$22 after closing at $39.64. Company announcing this morning that it will not make $70 mln in interest payments. Speculation is that company is posturing to get immediate relief from Congress; apparently, CAL has a 5 to 10 day grace period to make payment without triggering default.

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