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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	9/17/2001 1:38:09 PM
From: Jim Spitz	of 37746

For any thinking that today is a bottom, consider this: Massive layoffs are occurring in the airline industry. This will affect all tourist and hospitality industries also. Some industrial groups may bottom soon, but not all will. We will also have to see how the holidays shape up before being able to determine how low things will go. JMO. I am not buying or selling today. my main short, ZRAN, is down and that is as it should be since they have never made a profit and I don't think current economic conditions will help things any for them. I am seriously considering waiting for single digits on them instead of teens. I'll have to see how the economy goes first. If the economy settles out, it's teens, else it will be single digits. Stay in the Black! jimS

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