IBM Message Board - Msg: 10574539

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Technology Stocks : IBM

IBM 297.59

+2.5%

Nov 21 9:30 AM EST

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To: Les H who wrote (5448)	7/20/1999
From: j g cordes	Read Replies (1) of 8218

Hey, I thought shorting IBM was my idea. The stock's ripe for some profit taking, selling on the good news, catching a summer top.. whatever you want to call it. All it needs is a little push. Aren't insiders selling? OBV topped in mid May, stochastics are rolling over, momentum has failed.. 122-4 wouldn't be a difficult downslide run, 115 wouldn't be anything more than a nice retracement. Short term resistance is 138, support 134. iqc.com Jim

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