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Strategies & Market Trends : Tech Stock Options

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To: Electric who wrote (33734)	1/21/1998 1:19:00 AM
From: Darth Trader	Read Replies (1) of 58727

'lectric, I think you are right in IBM rebounding tomorrow, I held my IBM today because of the action of the tape. INTC and others had a "so-so" earnings report and stock price held up after pre-earnings runup. Any bad news has already been discounted into the stock price. "currency concerns" - big deal. "flat Asia sales" The street was expecting a disaster. "North America grew in Revenue" "Europe sales down" Good for your CPQ! IBM's earnings report was actually good one, in a their typical "stock buyback" fashion. Now watch the dd sector, (where IBM has shown strength and vision) IBM will soon rally along with HMTT!

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