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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (11921)	12/3/2002 3:13:13 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 13094

Jim, anything can happen, but if we see terrorist events here in the US & the coming war in the mid-east goes against us, the October index lows could be taken out in quick fashion. I am not saying this will happen, only that it could, so people need to be vigilant in protecting their capital.

To: James Strauss who wrote (11921)	12/3/2002 3:58:56 PM
From: Bucky Katt	Read Replies (2) \| Respond to of 13094

Jim, looks like Ford has skidded off the road into a big ditch... I could kick myself, yesterday I was eyeing the $10 Dec puts, the damn things are up 250% this minute,,, 15 cents to 55 cents.... And I didn't push the button... (Automobiles are another of the crutches being kicked out from under the US economy) This has been a gentle slide so far, but I fear a plop may be in our future....

To: James Strauss who wrote (11921)	12/4/2002 4:14:50 PM
From: Bucky Katt	Read Replies (2) \| Respond to of 13094

Another big bankruptcy> The second-largest U.S. operator of Burger King restaurants, filed for bankruptcy protection after increased competition from McDonald's Corp. and Wendy's International Inc. led to a shortage of cash to pay off debt from an acquisition spree. AmeriKing had a $22.9 million loss in the first half of this year on $177 million in sales, according to its most recent quarterly report to the Securities and Exchange Commission. The loss from operations was $5.2 million, the company said. The closely held company is saddled with debt after borrowing more than $115 million from banks and selling $119 million in bonds to double its size since 1994. Demand for Burger King has slowed as McDonald's new low-price menus and Wendy's faster service and a new line of salads win more customers. ``This is a critical moment in our company's history,'' and restructuring will ``position us to accelerate our turnaround,'' said Joe Langteau, AmeriKing's chief executive, in a statement. He didn't immediately return a phone call seeking comment. The company, owner of 329 Burger King fast-food outlets in 12 states, slipped to second place among franchisees, behind Carrols Corp., after recent restaurant closings, said AmeriKing spokesman Ron Bottrell. Westchester, Illinois-based AmeriKing was formed in 1994 by Jordan Company LLC and a group of former Burger King Corp. executives. Miami-based Burger King's executive vice president, Ben Hirst, said in a statement the company will work with AmeriKing to restructure and is confident the franchisee can ``stabilize its business, strengthen its balance sheet and improve its operations.'' AmeriKing owes Burger King Corp. more than $5.54 million in franchise fees, court papers say. quote.bloomberg.com I guess that weren't able to get on the govt list of bail-out basket cases, like UAL???