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Non-Tech : Trans World Airlines (TWA) -- Ignore unavailable to you. Want to Upgrade?


To: KEN TEAGUE who wrote (977)12/7/1997 3:46:00 AM
From: T-Lo Greens  Read Replies (3) | Respond to of 1373
 
Ken,

Why short a stock that's only a little above $10? There's really not much downward movement, and it could go higher, a lot higher. Rather than short maybe you'd just want to buy PUTs. That way your loss is limited.

As you probably know on Monday the culpability in the TWA 800 crash will be announced. Either Boeing or TWA will take the hit - if it happens to be TWA I hope you are aware it should not effect their bottom line as their insurance will have to pay for the damages. However we've been having those fuel pump problems on our 747's at Continental as well...so I'm thinking Boeing will get axed.

Either way someone will lose...I feel sorry for the family members who lost their loved ones and had to wait all this time, just to have it dragged back into the spotlight.



To: KEN TEAGUE who wrote (977)12/7/1997 11:35:00 PM
From: David M.  Respond to of 1373
 
Ken ,Glad you took it the way it was meant.As far as Shorting it next week You should pay attention to the Volume.It may go down immediatley on monday but Volume will be the key.Also the hearings next week will dictate to some extent what happens.I am going to post my thoughts on the hearings after this post for every one to read. Be carefull ont the short position if you take it .My recommendation is not to short it.If I want a point or half out of something I would rather own it on the upside.As always ,Do your own DD and keep your finger on the trigger.
David M.