IBM Message Board - Msg: 14876419

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Technology Stocks : IBM

IBM 303.37

-0.8%

2:29 PM EST

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To: LLCF who wrote (6990)	11/24/2000 9:14:45 PM
From: J. P.	Read Replies (3) of 8218

Seems to me we've already had somewhat of a bear market in tech. I think that interest rates are going to drop. IBM as a company may be a good timer of stock and debt, but if Gerstner is trying to time the market with his sale of stock I think he's done a lousy job and sold near the bottom. The trend may be your friend, and we're certainly in a downtrend. But bottoms like tops get overdone. And if you look at a chart of the 200 day moving average we're way below it. The 200 day moving average has been a rough guide for the overall tech market for some time now. Once George Bush takes office look for the market to pop back to the 200 dma and then we'll see what the real deal is on this economy, not just the bullshit analyst downgrades to scare us retail investors out of their shares cheap.

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