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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (39858)	10/20/2003 1:21:50 PM
From: energyplay	Respond to of 74559

I have trimmed (sold) much of my ROYL position on the recent jump...looking for things to buy....

To: energyplay who wrote (39858)	10/20/2003 7:22:46 PM
From: EL KABONG!!!	Respond to of 74559

Hi EP, The only "knock" on UPS as a component of the DJIA is that they've only been a publicly owned and traded stock for a relative few years now. Prior to that, they were a private company. However, their track record is a long one, and I doubt that the committee that selects the Dow stocks would eliminate them solely on longevity issues. Therefore, I think that UPS is very likely the "next" DJIA stock. If more than one slot opens, then I'd also consider Verizon (to replace AT&T) as a telephony stock (even though telephony is adequately represented by SBC). As regards International Paper, paper products are no longer as important to the US economy as they once were. Magazines and newspapers are increasingly selling electronic subscriptions, while record keeping and communications have also ceded much of their markets to electronic media. Only packaging and stationery continue their traditional roles and market impacts. So, I look for IP to depart the DJIA soon, though not necessarily this coming year. Replacement possibilities are all over the spectrum of stocks, but I'd favor Cisco simply because it's the largest stock (by market cap) not currently in the DJIA. And if not Cisco, then AIG which is the second highest market cap not in the DJIA. KJC