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| PLAY >New Drops |
Thursday, December 07, 2000 |
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New Split Drops
| SKYW- SkyWest $49.06 -9.06 (-10.88) |
The shares of SkyWest suffered from a double-whammy of bad news today. Brokerage concern Raymond James cut its rating on the company to "buy" from "strong buy" and President Clinton introduced an executive initiative today to change the way that the FAA runs the air traffic system that will likely result in increased fees paid by airlines. The result was us getting stopped out at $54.50, $1.50 below our stop price of $56.00, because the stock sold off hard at the open. Needless to say, it will be some time before we consider SkyWest as play material again.
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