IBM Message Board - Msg: 11538583

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Technology Stocks : IBM

IBM 308.96

-0.1%

2:45 PM EST

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To: Jim Koch who wrote (5621)	10/13/1999 10:29:00 PM
From: Bill Martin	of 8218

Re: Although long and bullish on IBM, I believe its headed lower. I agree -- it just got ahead of itself and over extended. Personally, I'm looking for IBM to bounce around and base between $115 to $105 for a few weeks or a couple months, then make the next leg up. As has been pointed out by others though, options expiry combined with earnings reporting season make for a squirrley stock behavior. Bill

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