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Technology Stocks : IBM
IBM 305.11+0.2%3:59 PM EST

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To: DAN KACKLEY who wrote (2122)1/15/1998 12:46:00 AM
From: DAN KACKLEY  Read Replies (1) of 8219
 
To All: Did you hear one of the mutual funds has sold all tech stocks?

I don't remember which one it was but the interview was on Squawk box today. Evidently they have been selling all tech stocks and computer companies for the last month!

Also this analyst said it was bad news for MIS capital spending on equipment and upgrades because most of the allocated funds were going to fix the software 2000 problems!

Another BEARrrrrISH indicator!

FWIW
Dan (The BEAR)
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