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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 691.72

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Jan 16 4:00 PM EST

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To: pater tenebrarum who wrote (27974)	9/30/1999 11:27:00 PM
From: Dwight E. Karlsen	Read Replies (2) of 99985

heinz, re i always buy what nobody wants... Occasionally I do, too. Not very often though. But I am long an airline stock as of yesterday. Labor disputes, fare wars, at the mercy of fuel prices, etc. I believe it was Paul Allen, co-founder of MSFT, who said that if you combine the total airline co profits and losses for the last 10 years, you'd have a net loss. I read that in 1996. And yet, people have to fly. It doesn't matter if you're an exec of a nutz company like Priceline.com, or an oil company employee, they gotta fly. But I feel silly buying an airline stock, because they're not hip to own.

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