IBM Message Board - Msg: 4878508

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Technology Stocks : IBM

IBM 302.75

+0.3%

Dec 3 3:59 PM EST

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To: j g cordes who wrote (3263)	6/16/1998 1:44:00 AM
From: Jules B. Garfunkel	Read Replies (4) of 8218

Jim, Why would you possibly want to be a buyer at $110? Is the only reason because IBM will have filled its gap by then? As I see it nothing has changed for IBM except the DOW has sold off 207 points. I think today's IBM down 4 was only the result of the DOW index funds selling off IBM along with the other indexed stocks. We still have the impact of IBM's disappointing earnings, and analysts no longer accepting IBM's stock buy-backs and lower tax rates as a substitute for true revenue growth in higher margin divisions, to go. (forgive the run-on sentence but its late). In addition, the DOW is probably going to continue on downward for a while longer. Jules

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