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Strategies & Market Trends : Tech Stock Options

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To: Patrick Slevin who wrote (40454)	4/20/1998 4:51:00 PM
From: joe smith	Read Replies (3) of 58727

patrick, ibm beat estimate by a penny. revs up 2%. down from past 4% rises. now theres a company that deserves to trade where it is. NOT! should bet a haircut. will it? probably not. this market is euphoric. i dont know when it will happen and think i will give up trying to predict a correction as i have been wrong for over three months doing so. it will happen and it wont be pretty. my strategy is to hang on until ths storm clouds roll in. my WAG: i still think we are down across the board tomorrow. will it ever last more than a few hours. i am beggining to doubt. the fact that i and other correction thinkers are starting to believe it will never come would indicate to me that it is coming. js

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