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Non-Tech : American Airlines (AMR) -- Ignore unavailable to you. Want to Upgrade?

To: Dorine Essey who wrote (11)	9/2/1998 11:47:00 PM
From: swedelo	Read Replies (1) \| Respond to of 152

Dorine, Sorry it took so long to get back to you. I haven't paid much attention to the thread of late. I had August 70 calls that I got my head handed to me on. I picked these because 69 should have been the technical bottom at that point, but, as I stated in my last message the airlines (read transports) have free fallen through all technical support. Calling a bottom is and will be next to impossible. It does not bode well for the market overall that transports continue to plummet even as the market makes small recoveries. Obviously, by how the stock reacted after you posted the news on AMR its going to take a whole lot more. FYI I have given entry points (points of maximum pain) to the few who still listen to me. they are for 1)long term investors 50 and below, 2) short term traders 46, and 3)options 50 strike leap calls at 46. Remember valuations and technicals are out the window here short term. Its all emotion. Many have taken a bath the last few months here and when it turns look for lots of selling on gains of 5 points or more. Long term I think these are wonderful buys. I nor anyone else I have seen or talked to really understands why this sector is doing so poorly. some day we will look back and say "it makes so much sense now, I can't believe I didn't see it". Sorry I cant be of more help. Hoping this finds you not hurting to badly, Swedelo