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Politics : Idea Of The Day

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To: Ed Newman who wrote (12912)	10/27/1997 11:16:00 PM
From: bob wallace	Read Replies (1) of 50167

ED I have not gotten that far yet. Just based on statiscal profiles of panics the probability is that we have another 10% to go yet. As I mentioned elsewhere I really like UNP prcisely becaus it has not got battered, and has not closed its break out gap. The only reason I hesitate is that I am in a potential wash rule situation with the stock having made some money off it early last week. EDS has a real strange chart yesterday, but it is definitely in range at 32. Most any of the Dow look beat up. I guess you should read the lists of tech stocks over on the tech options thread to see what they are getting ready for. I think wind below 30 is a real favorite. CYMI is holding up relatively well as is PMCS. The reason he picks large caps is that when the smoke clears you only have one or two trading days to buy, and you don't have a lot of decision making time I will develo a list during he day tomorrow Bob

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