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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (40704)11/24/2000 1:40:22 PM
From: Spekulatius  Read Replies (1) of 436258
 
I am still waiting for IBM to reach my target of 102-103$ for shorting again. This stocks acts very strange and can move in any direction, regardless of the market.
A sales rebound in Europe for IBM sounds very strange and even if sales rebound the Euro/Dollar exchange rate will eat into their margin. Fundamentally, its a LT sell and hold loser company, but for now, i prefer to play the 4-5% moves on the short side for income.
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