IBM Message Board - Msg: 3079278

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Technology Stocks : IBM

IBM 309.27

+0.9%

3:59 PM EST

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To: Robert Scott Diver who wrote (2056)	1/2/1998 3:44:00 PM
From: Jim Patterson	Read Replies (1) of 8218

The reason I think that Tech is a short mainly is because it is heavily overweighted in managed accounts. When the selling starts, there are no buyers. ORCL is a prime expample. I also think that the Asain situation will pull growth arround the world down severly. Some think that Korea will heal itself in 3-6 months, I thnk it will take atleast 18 months to 3 years. Notice the Japaneses market still has not recovered. It took 12-18 months for Japan to effect the US in 1989 and 1990. End result, A war broke out. I am not trying to link the Niki and the Gulf war, only noting that they occured onw after the other. Technology is something like 50% of the market cap. Technology less than 10 % of GDP believe it or not. That is an imbalance that I do not think will continue. Jim The stocks are also heavily owned by funds that way underpreformed the market. They may be the first

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