IBM Message Board - Msg: 2699186

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Technology Stocks : IBM

IBM 288.49

-0.5%

Nov 19 3:59 PM EST

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To: Darth Trader who wrote (1852)	11/11/1997 7:22:00 PM
From: Robert Scott Diver	Read Replies (2) of 8218

Darth, Over the last 60 days IBM has been following the NASDAQ. I got out of my long position today. I have been long since the stock was at $53 pre-split. Long term IBM should do well and I plan to get back in and make even more money on this excellent stock. But right now the market appears ready to correct another 10%. The IBM chart seems to confirm that IBM will follow. Until things bottom out or we get a lot closer to 4Q earnings, there looks to me to be a lot more down than up side potential. Right now I am parking the bucks in a bond mutual fund. JMHO. Scott (previously irrationally exuberant)

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