IBM Message Board - Msg: 3862333

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Technology Stocks : IBM

IBM 306.19

+0.4%

3:19 PM EST

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To: jef saunders who wrote (2695)	3/27/1998 12:31:00 PM
From: Chip Anderson	Read Replies (2) of 8218

IBM is a good company, but the stock is clearly in a 95ish - 105ish trading range. It needs to break above 110 on heavy volume and stay there before it will go higher. In the absense of any earning surprises, it will probably bang on the 110 door and fail a couple of times just before breaking out. Right now, lots of traders are betting on it staying in its well established trading range. If you are a long term investor, hold on and add to you position when the stock goes below 100. Chip coolhistory.com

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