Waiting for the big Kahuna Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: IQBAL LATIF who wrote (8153)	10/28/1997 11:12:00 AM
From: Tommaso	Read Replies (1) of 94695

A huge IBM buyback would be just more evidence of fundamental unsoundess in this market. Buying back your own overvalued stock is a terrible misuse of capital. At the end of a true (3-5 year) bear market, with share prices beat way down, and if IBM had bad cyclical troubles, it could eventually make way for (unthinkable right now!) a takeover. I do not seriously think that would occur--but stranger things have happened. Yesterday was not a bear market. Yesterday was just proof that conditions are ripe for the beginning of a bear market. John Train speaks of the "savage cut" that typically precedes a long grind downward. I think people of thinking of 1987 and not of 1969.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next