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Technology Stocks : IBM
IBM 297.59+2.5%3:59 PM EST
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To: Kevin Ose who wrote (2760)4/15/1998 8:20:00 PM
From: sridhar ramasami  Read Replies (1) of 8218
 
Possible top at 112 ?

The pre-announcement earning run-up may lead it to 112 - the old top before a collapse. After all, professional money managers buy on the rumor and sell on the news. The post-run up, now is too widely anticipated for it to materialize.

Sridhar
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