"Got any comment on that, Graham?" I asked.
"The way Phil puts it, it sounds reasonable," Wasson admitted, "but I still say that the first reaction to anything like that would be a buying wave which would send the market way up."
I considered for a couple of minutes. "I can't say I agree with you," I said at last. "The big boys wouldn't let that happen any more than they'd let a peace-scare knock the bottom out of the market. What would labor and the G. I.'s think and do if they read that the Stock Market quotations went over the top at a thing like that."
"Well, Winnie," Cone observed. "It isn't likely to happen."
"That's so," I agreed. "However, I think it would be a good idea to work out a representative list of industrials and go short on the market generally for the next thirty days. We can unload the Fynch portfolio as a starter. We ought to be able to pick up two or three hundred thousand if we work it right."
Cone nodded. "Graham and I will go to work on it now, and we'll have the list ready before start of business tomorrow morning. That will be the tenth, won't it?"
Wasson looked uneasy. "I don't like it so much, Winnie," he said, "but I've never seen you lose money on a hunch yet so I'll string along. Come on, Phil, this is a hell of a big war we're trying to sell short. Let's hope we don't fall flat on our face."
[CHAPTER 12]
The phone rang. "Mr. Tompkins?" A girl's voice inquired. "Just a moment, Mr. Willamer of the Securities and Exchange Commission will speak to you."