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Strategies & Market Trends : The Options Box

QQQ 619.55

-1.1%

Jan 14 4:00 PM EST

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To: Poet who wrote (946)	5/30/2000 5:34:00 PM
From: Mark Z	Read Replies (1) of 10876

UAL slid 40 to 60 in less than a quarter. I got out in the mid-70's and was totally amazed. I wasn't dumb enough to say "gee, this shorting is easy I should do it all the time" but it did erase the fears I had. Dumb luck because I kept a fairly tight stop in place but it just kept tanking. It did the same thing this year in Q1 from 80 to 50 but, alas, I didn't participate. And do you have any thoughts on LUV if the airlines ever turn around? Heck, I have an opinion on everything <g>. That's a big if. So much of the airlines' price movement is dictated by oil prices that it almost doesn't matter how they distinguish themselves. But of the significant carriers, I think they have the best business model & have more room to expand than say AMR or UAL. If you want to speculate, they are rumored to be looking at international flights (pure unconfirmed heresay) although I don't think I'd want to fly to Europe on one of their cattle carriers <g>. Briefing.com has it in their core "Blue Chip Growth" portfolio. Personally I'm partial to the cargo carriers (FDX, UPS, CGO) as I think that segment is growing at a more rapid clip than passenger trade. They also tend to be better trading stocks <g>.

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