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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Prince who wrote (4852)	12/2/1998 1:33:00 PM
From: Spunky Beaver	Respond to of 18998

Obviously, I'm not Mr. Pink, but since you are looking for comments, I'll give you my 2 cents worth. First of all, BA is a fundamentally sound company with superior management and they have taken the painful but necessary steps to maintain profitability (or to prevent serious losses) during a market downturn. Whether BA will go any further south than 34 is 50/50 proposition at best. If they do drift lower, it probably won't be significant. To drive BA any lower than where it is now would require more unexpected and damning news and I don't see that happening. If anything, this might be the time to pick up BA shares. It is cheap right now and they are the undisputed leader in their industry. His Excellency, Mr. Pink, by and large only goes short on companies that are in the back of the pack and that are managed by criminals, thiefs, the inept and clueless. If the market is in a tailspin, he will venture out of this exclusive group of turds. I hope I have been of some help.

To: Prince who wrote (4852)	12/2/1998 1:46:00 PM
From: David Penfield	Read Replies (2) \| Respond to of 18998

I'm not Mr. Pink either, but I also have two cents on BA. One rule of thumb for shorting that I have heard is to not short good companies because they are having problems. More often than not good companies clean up their problems (that is why they are good companies) quickly and recover. I think BA qualifies as a good company in this context. Also, I would stay away from shorting almost everything in this market. If you are new to shorting, check out some of the other short threads. A lot of the leading shorters on them are not actively shorting anything now. Good luck.