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To: Larry S. who wrote (16094)	8/31/1998 9:28:00 PM
From: Susan Saline	Read Replies (2) \| Respond to of 53068

Larry, PEPsi ... I am almost speechless ... 27 something today have put my "long" shares at the brokerage house today bot in Sept 1996 at at 28 3/8 this is the first time these shares have been in the red ... since that time. any suggestions?

To: Larry S. who wrote (16094)	8/31/1998 9:38:00 PM
From: Ron McKinnon	Read Replies (1) \| Respond to of 53068

what to do now darn hard call gut feel says to dump any crap we own lets face it, all stocks have dropped, the good, the bad, and the ugly so if one is gonna buy why not focus on good or great companies rather than junk? me thinks that the top tier co's will respond better over the next few months stocks that are way down are going to be subject to tax loss selling good co's that are still up from a few years ago may still be held by investors so as not to sell for a taxable gain so I do think that this is the perfect time to focus only on the best ones take your pick hard to cull it down many with buyback programs held much better the last few days than others even "junk" like SJK GCO held well with a buyback in place so I'd add a focus on good firms with on going or increased buybacks and any that show huge insider buying this week off the top of my head, not looking at any charts GE AXP IBM maybe GM/F DELL at some price (not the 100 or 106 I paid near the end of the day today and got "stuck with) , CSCO maybe but still high P/E LU for sure FNM the banks are rough, I still like BKB here but US regionals with no overseas action may be better, like FLT I love some of the commercial finance companies CIT with the new buyback FNV out of Phoenix but they are getting croaked even with super earnings drugs, maybe JNJ, BMY, MRK a few others AVI on a strong turn (or HRZ) retail S CLE HD INTC near 68-70 a ton more, too many to list I guess I'd suggest that one pick maybe 5-10 max to focus on, (take all the old symbols off your quote list to stay focused-- too easy to go back to the "old" favs) hit 2-3 hard, sell in a sec if they turn down let it ride with a tight as hell stop if up stay at least 50% cash or margin buying power for at least the next week or so this down move may well not be over as bad as today seemed it was a pussy cat next to a few of the selloffs some of us middle aged traders have seen trade careful or go fishing; one or the other