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After some thought I decided that I would go ahead and take a short
position in NWAC. I have a position of 50 shares at 28 9/16. I later
today took a short position of another 50 shares at 29 13/16. The
transports were up so NWAC must follow.
This is a little speculative on my part as far as timing but by end of
year I can see NWAC near $20 per share.
Why?
In order of importance:
1- the global economic picture doesn't look good.
2 - Increased costs do to higher labor cost accompanied with decreased
demand form passengers.
3 - Expenses associated with the strike.
4 - I am under the impression that the airlines will be increasing
capacity by adding more planes.
5 - The code sharing between Continental Airlines will not go through.
6 - The trend is your friend.
Harley
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