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Non-Tech : Alaska Air (ALK)
ALK 41.73+2.5%Oct 31 9:30 AM EST
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To: Tulvio Durand who wrote (54)5/6/1998 9:59:00 PM
From: dennis michael patterson  Read Replies (1) of 152
 
I traded ALK from 53 to 57, then moved on to other things. Like the rest of the Tran Sector, ALK has been correcting. But ALK has gone further, on heavy volume, than any other stock. I understand that airlines are largely institutionally owned, and that May is the time they are sold (I don't recall where I read this). Do you have any technical analysis that can generate support? ALK looked like it took out support today. I definitely would like to buy back in, but the market will selloff until friday, driving the price lower. But I would like to discuss entry points. I use only Bigcharts, and, thus, cannot be too sophisticated.
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