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To: BW who wrote (5713)9/19/2001 1:50:45 PM
From: Bucky Katt  Respond to of 48461
 
Warplanes tail commercial jet after pilots lose radio contact 57 aboard return safely to O'Hare

By Jon Hilkevitch
Tribune transportation reporter
Published September 19, 2001

A pair of F-16 warplanes raced across the Midwest sky to investigate an
American Airlines plane whose pilots did not respond to calls from air-traffic
controllers shortly after takeoff Tuesday from O'Hare International Airport, authorities said.

It turned out to be nothing more than a radio problem, but the 51 passengers aboard American Flight 1555
got a startling view of the fighters just beyond the wingtips of the Boeing 737-800 until the glitch was
sorted out.

Officials said the F-16s escorted the passenger jet back to the apron of the runway at O'Hare, then peeled
away.

The problem began when the flight, bound for Los Angeles, experienced radio failure and intermittent
difficulty turning, Federal Aviation Administration spokesman Tony Molinaro said.

The FAA immediately asked the military to send up the Air National Guard fighters for a close look, after
the controllers' radio instructions were met by silence, officials said. Adding to the concern was that the
aircraft had arrived at O'Hare from Boston's Logan International Airport, where two of the four airliners
hijacked Sept. 11 began their ill-fated flights.

Although the pilots of Flight 1555 could not receive or transmit voice communications, they did punch a
numerical beacon code on the aircraft's transponder, indicating their communications radio had failed and
the passengers and six crew members were OK, officials said.

But FAA and military officials took no chances, in part because the hijackers last week were pilots and
had disabled the transponders aboard the hijacked aircraft to prevent officials from tracking the speed,
altitude and identity of the planes.

The pilots' difficulty in turning the plane might have added to the concerns, sources said.

"The F-16s were winged on each side of the aircraft for the entire trip back, and the crews were able to
communicate with hand signals," one official said.

Military officials declined to comment. Sources said F-15, F-16 and E-6B warplanes, accompanied by
KC-135 refueling aircraft, have been patrolling commercial air lanes in the Midwest around the clock since
the terrorist hijackings.

While en route back to O'Hare, radio contact with the American flight was restored but then lost again,
officials said.

If the nation's airline and air-traffic system were not on a state of high alert because of the hijackings,
Tuesday's radio problem would not have prevented Flight 1555 from going on to Los Angeles International
Airport, FAA officials said.

According to contingency procedures, the pilots would continue on their planned routing and choose a
runway for landing. A "Nordo" code sent from the aircraft--slang for "no radio"--alerts controllers to get
other planes out of the way.

Officials said the American pilots and controllers at several FAA facilities were able to communicate by
using the numerical code system. In addition, the 737 and F-16 pilots were able to talk briefly between
the intermittent radio outages on the American plane.

During the plane's final approach to O'Hare, radio contact was again restored. The plane landed at 9:51
a.m., less than an hour after departure. The passengers were transferred to other flights, FAA and
American officials said.

Authorities declined to identify the fighter wing to which the F-16s belong. It is believed that they are part
of either the Illinois or the Indiana Air national guard.
__________________________________________________________________________________________

I have a nice stake in XTRN, no one other than us gets it. Just lay in the weeds with it, as always.
I bot some INVN today, I have no idea what the shorts are thinking, there are much better things to short if that is the game you want to play at this time. (it was a better buy 2 weeks ago, my last buys were like 3.25-3.40, now it is in the special situation rat category) Same as HSR, VISG, and the others, special situations demand we pay up, but I think these type stocks need to be bought on breaks/takedowns, they are going higher over time, some of them way higher.
Buy the golds/platinums on breaks. I don't know if the central banks will be able to keep the lid on their manipulation of the gold markets much longer, depends on those damn lease rates.

The shorts, through their actions, make things better for us. We need them to provide liquidity.

Remember, I trade for dollars, not dimes & quarters.



To: BW who wrote (5713)5/28/2002 2:58:19 PM
From: Bucky Katt  Read Replies (2) | Respond to of 48461
 
Boyd, have you looked at HL & PAAS lately? I still have AEM..

From the way-back machine> 14 June, 2001, coming up on a year ago>

In my mind it is. Think about it this way, Wall Street likes to sell their inventory, so if the writing is on the wall, could the mining sector be one place they are starting to accumulate? They buy the beat up sectors at the bottom, sell them on the way up. Real simple.
Add into this mix the real possibility that the dollar will weaken because of all the money supply growth, and you get a bigger move. The only problem is there is no other major currency that can challenge the dollar at this point.
This move will take time, but watch the charts for indications of buying, which you are already doing.
I saw the same thing a few years ago when I got into crude futures around the $10 area, and natgas futures in the $3 area, people thought I was nuts.
BTW, houses where I live are up over 20% in the last 18 months, but I guess that isn't inflationary, unless you are a buyer......?
And a friend of mine just bought a house in Lexington Mass. for $750k, and it is a small one built in 1964....Now that is nuts..
So, does the housing market take a dump, caused by the collapse of all these remortgages in the future, and many become up-side-down and walk away, or does this trend continue? I can't even guess about it anymore, but I see a lot of people living in real nice & new $500k homes that have no furniture or drapes, and a leased Beemer & Lexus in the driveway.
What does it mean to us as market players??