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Technology Stocks : IBM
IBM 259.52-4.9%3:59 PM EST
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To: Jim B who wrote (5970)11/19/1999 5:56:00 PM
From: pvz  Read Replies (1) of 8220
 
I wonder how many of today's buyers were mutual funds who bought at $110 and more when everyone was still exuberant about IBM, and sold at a loss in September/October. I find it interesting that IBM slid for about a month before reaching its lows on Oct 21, which was 29 days ago.

Was this just a huge tax loss sale???? It would explain why the analysts maintained all their largely positive ratings on the company.
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