The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (99479)	1/9/2008 6:26:27 PM
From: Perspective	Read Replies (2) of 306849

What do you think of airlines on the DAL news? I just sold a little UAUA after hours at 27 - the 13% bounce off the lows is good enough for me to fade a stock locked into a pretty good downtrend. Given the collapse in all the other airlines, I figure the only thing holding UAUA up relatively well is mindless "buy the strong" since it's NDX100. Also saw the closing tick on IHP, and ran to sell some more. Too bad, just a single trade. Perhaps the lemmings will chase it tomorrow. That's another one in a downtrend, with the sector collapsing around it, and it's getting chased higher. I know it's heavily shorted - couldn't get a borrow and ended up writing calls the last two sales. `BC

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