IBM Message Board - Msg: 10384657

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Technology Stocks : IBM

IBM 303.23

-0.4%

Nov 26 3:59 PM EST

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To: Ben Antanaitis who wrote (5361)	7/5/1999 11:56:00 AM
From: George W Daly, Jr.	Read Replies (2) of 8218

Ben, Excellent post. Thanks. I've been just sitting here flabbergasted the last couple of months watching this runup, and a little bummed out too since I sold 15% of my holdings back in March at about 83 split adjusted. Even though that little exercise in profit taking backfired I find myself sitting here ready to take another 20-30% in the runup towards earnings. It seems like risk/reward with Y2K, trading at 30 times NEXT years earnings, DOW over 11K, hardware prices and margins continuing to be pressured... I don't know, does anyone else have any thoughts? Several articles I read this weekend have urged people to resist the temptation to sell winners, and that they should sell losers instead, but with IBM and those of us who lived through the crash of '87 to '92 its hard not to take some profits. Anyways, thanks again for the options analysis, its appreciated and another piece of the puzzle. Happy post-4th.. GW

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