IBM Message Board - Msg: 10183147

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Technology Stocks : IBM

IBM 308.86

-0.5%

10:07 AM EST

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To: Marty who wrote (5301)	6/18/1999 6:39:00 PM
From: Arrow Hd.	Read Replies (1) of 8218

I still have not gotten over the Morgan Stanley call in late March where the pathetic analyst called for a pre-warn by IBM which proceeded to blow all numbers out of the water. Fortunately, though temporarily whip-sawed, we rapidly recovered and pressed on to new highs. Moving their target to 135 was necessary since the current target was at 115 and we were past that and back forth a number of times. His upgrade did nothing today which is no surprise after his disastrous March call. I still think we wander here until we get a better picture of late June ships and the Fed makes their move. I see new highs in July. All just an opinion of course.

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