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Non-Tech : JP Morgan/Bank of America/ High Flyers
JPM 309.44+1.3%Oct 30 3:59 PM EDT

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To: Mr.Manners who wrote (23)4/7/1997 11:49:00 PM
From: Phil Tran   of 81
 
Kasha,

I wouldn't short WFC. WFC is everywhere in California, and expanding further into the supermarkets. Also, Warren Buffett is a big WFC shareholder, which means other investors will follow his lead.

As for BAC, they will have a split in May, and their PE is below industry. Of all the banks (Citicorp, Wells, Chase, JP, and BAC) I like BAC the most. Good PE, good management. A solid long term buy.

Good luck.

PT
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