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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: epicure who wrote (27879)	9/30/1999 3:35:00 AM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 99985

X, I went long some DAL stock today. Weekly chart shows very oversold, most likely due to high fuel prices and, labor disputes at other airlines, etc. DAL book value is ~$30, stock is $47. I figure that as fuel prices come back down to historical norms closer to $18-20 bbl, airline stocks should get some sort of benefit. I picked DAL for my first dip because of their grip on Asian routes, particulary Japan. As those economies improve, DAL's already stellar business should remain strong.