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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments
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To: Mr. Pink who wrote (17164)10/11/2002 5:17:22 PM
From: Cogito  Read Replies (2) of 18998
 
Tuesday, October 8, MP said:

>>Brethren, ye may short IBM here at 56.70 with impunity.

Oh lord He is wise.

Mr. P$nk<<

NEW YORK (Reuters) - Shares of International Business Machines Corp.(IBM) jumped 11 percent on Friday, helping to buoy the whole market, after Wall Street analysts turned optimistic about the world's largest computer company.

The Armonk, New York, company was the second-biggest percentage gainer among blue chip stocks, fueling a 4 percent rise in the Dow Jones industrial average. The technology heavy Nasdaq also was up more than 4 percent.

IBM shares, which have fallen more than 50 percent since January, and earlier this week languished near four-year-lows, closed up $6.34 to $63.92 on the New York Stock Exchange.

---------------

Woops. There goes my impunity.

Proof once again that even the most knowledgeable and wise person is wrong sometimes.

But please don't become even the slightest bit humble. That monstrous ego is so charming. ;-)

- Allen

PS: Please do not construe this post as disrespecting a fine record of correct calls overall.

PPS: I do love how you don't capitalize "lord" but you do capitalize the "He" referring to yourself.
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