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Strategies & Market Trends : Tech Stock Options

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To: j g cordes who wrote (40604)4/21/1998 2:44:00 PM
From: Suresh  Read Replies (1) of 58727
 
Jim,

this is a silly market. There are too many technical analysts and I am sure that we will see something like "IBM broke out of 7 months base with x times the average daily volume" in IBD, WSJ etc. Ralph Acampora will even appear on CNBC to tout this fact :). So, IMHO this rally in IBM is not dead...Only way it can die is if the market collapses.

Regards,

Suresh

(PS: This posting may be a perfect contrarian indicator... which is good for your position)
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