Netscape -- Giant Killer or Flash in the Pan? Message Board

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Technology Stocks : Netscape -- Giant Killer or Flash in the Pan?

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To: Christian Braboretz who wrote (4257)	9/29/1998 3:16:00 PM
From: E. Graphs	of 4903

[OT] Christian, I looked at IBM just now and it has maybe 10 points on the downside, but 20 on the upside. The stock has shown a great respect for its 200day throughout this market correction, so that is strong support! I don't agree that we can call this a double top until it breaks down.....that's the problem with double tops... the guesswork. Historically, have not found stochastics to be a reliable indicator for IBM (see Apr thru Jul/97 or Jul thru Dec/97)...... IMHO it looks like IBM will follow the general market direction. I target 150. (but, I could be wrong! <g>) Good Luck, E

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