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Technology Stocks : IBM
IBM 298.68+3.0%Feb 6 4:00 PM EST
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To: art slott who wrote (7252)8/4/2001 8:45:40 PM
From: Stephen M. DeMoss  Read Replies (1) of 8220
 
I think the main reason IBM has hung in there (price wise) is that it is a grandmother kind of company. Nothing fancy and loved by safe fund managers. They buy it on every dip. It will only go way down IF the entire market gives way. If it can hang in here above 100-105, for another 2 months, it likely will continue up as the rate cuts finally kick in. I do think management is very smart and has used buy backs to mask slowing growth.
personally it is a snooze stock to me and has little up or down potential. Steve D.
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