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Harley! You have gone to the fundamentalist camp!!
Al Taglavore
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> From: Harley Meyer <meyer@xxxxxxxxxxx>
> To: Metastock list <metastock-list@xxxxxxxxxxxxx>
> Subject: NWAC
> Date: Friday, August 28, 1998 2:48 PM
>
> 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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