IBM Message Board - Msg: 3318430

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Technology Stocks : IBM

IBM 303.33

+0.1%

Dec 17 3:59 PM EST

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To: art slott who wrote (2377)	2/2/1998 1:34:00 AM
From: DAN KACKLEY	Read Replies (5) of 8218

Latest crystal ball predictions from (The BEAR) Well last month went pretty well I would say that we beat the analysts and Art(True Blue)in that the stock really took a pretty good hit from it's 108+ high. Also the 108 suckers rally sure turned out to be right on!(108-99 in one day) We didn't hit the 94 low but hold on it's comming! The end of the month mutual fund effect is now over and the downward spirial should continue Another sure sign of impending doom is Art ("took some cards off the table") Chris LaMaKing is having a hard time keeping us above the 200 day moving average (We should break it soon) Origionally I was thinking we would get a suckers rally as a dividend play (Feb. 10) but now I think the rally is over after this last round of short covering from 96 to 99 Right now I am projecting this 99 area to be the high for Feb. and we will just pick up the dividends on a shake out on the down side with a little more short covering later (Controlled decent) I am projecting a low of at least 90 this month (90-99 This Mo) Any body else care to stick their neck out? Lets have a contest! FWIW Dan (The BEAR)

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