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Technology Stocks : IBM
IBM 309.24-0.5%Dec 12 9:30 AM EST

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To: Don Hurst who wrote (1993)12/13/1997 3:35:00 PM
From: J R KARY   of 8218
 
Hi Don: you correctly predicted the WSJ BS - insider bought 10/27

Congrats but its almost sad as they (Forbes, WSJ) to sell issues scare people out of IBM who bought IBM shares for investment safety .

But its nice to see a IBM Director bought 500 IBM shares on 10/27/97 for $97.57/share and obviously that insider nows about IBM financials.

As you detailed IBM is so diverse it is almost immune to product , geographical and financial adversity .

Think you are right again that we will see $ 110 after next week opt. expirations , and $ 125 by annual meeting should be achievable .

Bet that share buying IBM Director feels likewise !

Regards,
Jim K.
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