IBM Message Board - Msg: 11905631

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Technology Stocks : IBM

IBM 291.37

-4.7%

3:59 PM EST

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To: Jim B who wrote (5932)	11/12/1999 1:25:00 PM
From: David W. Taylor	Read Replies (1) of 8220

> can't believe the market is so reluctant to buy back into IBM > What is hard to believe? The IBM earnings announcement clearly stated the opinions of top management that the next two quarters would "suck", to coin a phrase. With last night's Dell conference call saying basically the same thing and today's downgrade of Intel for, again, basically the same thing, how hard can it be to be bearish on a stock that should have a P/E of around 15? It is currently 22.5. Fair warning: I am heavily into puts on IBM.

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