IBM Message Board - Msg: 2949568

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Technology Stocks : IBM

IBM 289.48

-0.2%

3:07 PM EST

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To: DAN KACKLEY who wrote (1971)	12/12/1997 1:11:00 PM
From: Greg Jung	Read Replies (1) of 8218

Dan, I don't agree on your downtrend interpretation, you pick august and see a downtrend. Look at 2 years and it will wash out. I do agree 65 is possible just by supposing (as demonstated now in most techs) that May/July/August increase was unsustainable and we can go back to test the yearly lows, and 65 is about the support level. Most other tech stocks have lost then gains made in early summer and it will be healthy is IBM/Ciso can catch up. The $3b share buyback announced Oct 28 was the last bullet in the armory, where do you suppose the company will begin aggresively using the buyback purse, and will this meet the market pressure? Should I call the news media to film me making a deposit in Scwab? That would be a good news story, until they interview me to see what I was buying, and I answered "Nothing. I've got to cover margin,is all!" Greg

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