IBM Message Board - Msg: 3345464

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Technology Stocks : IBM

IBM 300.98

+0.2%

Dec 19 9:30 AM EST

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To: Earlie who wrote (2424)	2/4/1998 11:48:00 PM
From: DAN KACKLEY	Read Replies (2) of 8219

Art- I agree the dividend is relativly insignificant! Just another factor in my guessing game scenario! If My theory is correct and a lot of the big boys have the stock shorted to control the downward slide("Buy Back Your Buddies Shorts"), then why not pick up a little something extra when short covering begins? Looks like we won't have to wait to long to see the direction! Look for a bottom when the price hangs on the down side, if you have noticed this stock is really always hanging on the top side of the channels. To me this is a sign of distribution, every time we get a dip it is very fast and we go back towards the top again I believe when we start staying on the bottom side of the channels this will be a buy signal Still think the earliest is late march for a time to buy Good Luck Dan (The BEAR)

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