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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: yard_man who wrote (25869)3/17/1999 4:34:00 PM
From: Cynic 2005  Read Replies (1) of 86076
 
UAL gets some extra biz due to strike at AMR. Pre-announces positive results. Transports rally 150 points. Then AMR comes out with a negative surprise:
16:24 [AMR] AMR CORP ESTIMATES Q1 1999 BETWEEN 30-35 CENTS A SHARE.
16:24 [AMR] AMR CORP Q1 1999 TO MISS FIRST CALL ESTIMATE 65 CENTS A SHARE.

Oil rallies above 15.

Sorry, boss, we can't undo the airline rally. -g-
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