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Strategies & Market Trends : Waiting for the big Kahuna

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To: Greg Jung who wrote (6615)10/18/1997 9:33:00 PM
From: William H Huebl   of 94695
 
Hi Greg,

< I think one double per decade is all IBM can handle.>

Remember, my scenario was based on a pull-back into the low 90s... possibly low 80s and THEN a double in 6 months or so.

A double from say 85 is only 55% over the peak...

But you may be absolutely right, from a fundamental standpoint IBM could be looking at much higher P/Es to achieve that kind of price growth. From a technical standpoint, I see no reason why it could not, other than looking out for a possible BK on the way.

Regards,

Bill
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