IBM Message Board - Msg: 10586459

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Technology Stocks : IBM

IBM 308.83

+5.1%

Jan 29 3:59 PM EST

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To: J R KARY who wrote (5459)	7/20/1999 4:59:00 PM
From: Jim Koch	Read Replies (1) of 8220

The good part, the uptick came on large blocks (institutions). IBM got caught in the tech selloff today, the sector was overdue. Too much too fast. I took a bet it was temporary and bought September 125 calls at the bottom, hope I am right! Second half outlook a little better than it looked at first of year. I hear the talk about a big slowdown because of Y2K, but the CIOs I talk to are still planning on going ahead with IT investments. PSG still loosing money it appears. I think that is why the EPS number was not higher then it was, even with 16% revenue growth. Oh well, even though they are loosing money, they seem to be making it up on volume! Seems to work for Amazon.

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