Quantcast
 
Read Larry Connors' blogShort Term Trading Strategies


 

Balloon Fiestagoers Somewhat Deflated: Mass Ascension On Saturday Canceled

Sun. October 12, 2008; Posted: 03:19 PM
Stocks RSS
Oct 12, 2008 (Albuquerque Journal - McClatchy-Tribune Information Services via COMTEX) -- WFC | Quote | Chart | News | PowerRating -- Maryann Myers f lew in from Michigan just to see the fabled balloons she had heard so much about. But all she got to see Saturday morning were flames shooting from a propane tank and some people flying kites.

"We're very disappointed," she said.

Saturday's mass ascension was canceled due to wind, leaving a restless weekend crowd milling around the park seeking a diversion -- there's not much to see at a balloon festival sans balloons.

But organizers and pilots made every effort to appease the masses. Before the sun rose, several propane tanks belched fire into the darkness, surrounded by appreciative crowds.

Myers was standing near one such tank with her daughter-in-law and granddaughter Saturday morning, deciding what to do with the rest of their day. They planned to take in some of the booths at fiesta, visit the balloon museum and were hopeful that some balloons might inflate but stay grounded.

"We'll try and salvage the day," said Myers' daughterin-law Camely Myers, of Albuquerque. She said she has other activities planned for the weekend visit, but nothing that rivals the mass ascension.

"This was supposed to be the highlight," she said.

As the sky grew lighter and the crowd thinned, an enormous sheet of balloon material became a playground for the remaining children. Held near the ground by organizers at each corner, the sheet flapped in the wind as kids ducked underneath and played beneath its folds.

Colby Boudet, 4, was having fun playing under the sheet, but he still hadn't seen what he came for. Boudet's family flew in from Illinois on Friday for a trip they've been planning for nearly a year.

"We haven't seen a balloon yet," said Colby's father, Robert Boudet. But despite the disappointment, he said his son was finding ways to have fun anyway.

"He's having a good time collecting the trading cards," he said. "He loves balloons; that's his No. 1 thing."

Although several teams tried to inflate their balloons on the ground, their efforts were stymied by the winds. The Wells Fargo stagecoach made perhaps the most valiant effort but had to be deflated before it fully took shape.

The morning's only silver lining was that the same wind that canceled the ascension provided excellent kite-flying weather.

Colbie Boyd, 3, was flying a kite with her grandmother Saturday and seemed unconcerned about the cancelation. Her parents are pilots who live in Albuquerque, so there is no shortage of balloons in her world.

"Last Saturday was beautiful," said her grandmother, Jan Alford. Just then, though, Boyd let go of her fish-shaped kite, and Alford had to go running after it.

A farewell mass ascension is scheduled for 7 a.m. today, weather permitting. Inside

The balloon pilot injured in Friday's crash that killed another man remained in critical condition Saturday.

B7

Online

From slide shows to videos to stories, the Journal has your Balloon Fiesta needs taken care of. Go to

ABQjournal.com/balloon for the Journal's Balloon Fiesta page.

To see more of the Albuquerque Journal, or to subscribe to the newspaper, go to http://www.abqjournal.com. Copyright (c) 2008, Albuquerque Journal, N.M. Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.

For full details on Wells Fargo & Co New (WFC) click here. Wells Fargo & Co New (WFC) has Short Term PowerRatings of 4. Details on Wells Fargo & Co New (WFC) Short Term PowerRatings is available at This Link.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [WFC]
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.