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Non-Tech : Vanguard Airlines (NASDAQ VNGD)
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To: Chris Singer who wrote (21)1/16/1997 4:17:00 PM
From: Harvey Kirby   of 65
 
Hi there Chris,,,,Have you read all the postings that Hernan and myself have posted on the SI. I know you read the article in Forbes. Vanguard took a little hit today but I don't think its anything to worry about,,just some people wanting to take some profits. In fact when I saw it falling back I took some profits myself. If you read all the post then you know that this airline has doubled their destination routes which started on December 21st. From what understand the new CEO has turned around other failing airlines very well. In May of 1996 this stock was 12.00 and plummeted to 1.50 due to poor management. I feel with the new routes into Florida and and all the promotions for cheap destination rates the stock will go up considerable. But how much and when I wouldn't speculate. I've also heard with the promotion of the airline destinations and the reasonable fairs that the airline has pretty much been bookin flights to capacity. With this drop back today I would look at it as a definite buying opportunity. Also the volume today was much lower than the volume the previous day.Tomorrow if it declines a little bit more I will buy back in again. I still hold 3000 shares and sold 2000 today to make a couple of bucks. As you probably already know all these types of investments can be risky and tricky. But the way I look at it, if this airline just gains back half of what the stock once was we're looking at $6.00 easily. Keep in touch and let me know how you do. Thanks for your posting.

Harvey Kirby
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