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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Cactus Jack who wrote (272947)1/7/2004 10:53:44 PM
From: Earlie  Read Replies (1) of 436258
 
CJ:

I made an excellent profit on IBM's fall from above $100 down to the low sixties. Gave a good chunk of that back by being "too early" (and a bit too impatient) in shorting it on the rebound. I am still "there" with a small token position but was forced to "box" the main position and wait it out.

IBM's recent quarterly numbers have been well orchestrated but are basically lousy when examined in detail. Sooner or later the market will catch up with its shrinking reality. Patience can be a pain at times but on the other hand, the downside for this one should be significant. (g)

Best, Earlie
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