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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: StockOperator who wrote (5328)	2/3/1999 7:24:00 PM
From: Lee Lichterman III	Respond to of 99985

>>Anyone look at the pe's lately for the Airlines. UAL (7) DEL (8) AMR (9) times 1999 projected earnings. Here's a couple of tidbits from Barron's - "It's worth noting that the entire U.S. airline industry is valued at around $30 billion, less than the market value of Yahoo. << The airlines are where they are because it can't get much better. There is little prospect for growth. Fuel is at all time low cost and when the airlines were gouging the business class on rates, their customers finally learned to teleconference, use netmeetng etc. In this day of technology, I can send an e-mail with attatchments of slide presentations, talk to you on camera over the internet etc. We can ink a deal and then Fed-X the documents for signature. The only travel left to do is vacation with the paper profits from this inflated market <g> Don't get me wrong, I said this weekend I didn't think we would necessarily tank yet but yesterday taught me not to mess with the master Don. Grasshopper (Lee) EDIT- Just read Stephens post - This thread contributes much, not the individuals necessarily but the thread. As LG pointed out, the thread is made up of individuals, we give our views and sometimes just ask questions to spur thought and discussion. This weekends comments back and forth, in after thought, may have actually provided the perfect clues to trade the last few days. Don called for a drop and said the market should be shorted at Monday's highs, it was a perfect call for a short term trade. I chimed in I did not feel that it was time for the BIG drop since my signals were not in alignment. The drop Tuesday was over 140 points intra day and knowing the fed meeting would end today, you could have covered your shorts yesterday in light of the feeling of indecision of further drops and played it safe taking your profits. Today you could have waited to see the outcomne of the meeting and you would be basically right back where you were at least on the DOW average, except you would have extra money in your pocket. Yep, this thread is bad <g> I realize hind site is 20/20, but the discussions here do give pieces of the puzzle. We never claim to put it all together for you.