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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (21239)7/2/1998 10:32:00 PM
From: Berney  Read Replies (1) of 94695
 
Bill, Re: BA

BA is a perfect example where I get heartburn with the comment that TA includes all FA known to man.

Forbes had an interesting article on BA recently. I came away wondering if management has learned anything other than how to enrich themselves. If you look at the last five year history, it sucks!

Yes, there seems to be a very rosy consensus for the future. But, Buffett once said that you can pay a dear price for a rosy consensus. In regards to BA, they are going to have to prove it.

That said, I was more than happy to Ride the Wave this week. It was fun. Now, I'll paddle out and see if I can catch another wave. Seems like the way to play this game.

BWDIK

Berney
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