IBM Message Board - Msg: 3832771

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Technology Stocks : IBM

IBM 294.28

+2.0%

11:34 AM EST

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To: Chris who wrote (2679)	3/25/1998 12:07:00 PM
From: Chip Anderson	Read Replies (1) of 8218

IBM has crossed (or nearly crossed) 105 seven times since last July. Each time it has quickly failed and returned to <100. Why will this time be different? Over 105 is a sell signal for me. Disclosure: Currently don't own IBM. I've thrice bought IBM <100 and sold at 105 though and I expect to do so again in a month or so. I never short stocks. Chip coolhistory.com

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