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Non-Tech : Trans World Airlines (TWA)

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To: KEN TEAGUE who wrote (977)12/7/1997 3:46:00 AM
From: T-Lo Greens  Read Replies (3) of 1373
 
Ken,

Why short a stock that's only a little above $10? There's really not much downward movement, and it could go higher, a lot higher. Rather than short maybe you'd just want to buy PUTs. That way your loss is limited.

As you probably know on Monday the culpability in the TWA 800 crash will be announced. Either Boeing or TWA will take the hit - if it happens to be TWA I hope you are aware it should not effect their bottom line as their insurance will have to pay for the damages. However we've been having those fuel pump problems on our 747's at Continental as well...so I'm thinking Boeing will get axed.

Either way someone will lose...I feel sorry for the family members who lost their loved ones and had to wait all this time, just to have it dragged back into the spotlight.
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