IBM Message Board - Msg: 5619084

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Technology Stocks : IBM

IBM 308.58

+1.8%

Nov 28 9:30 AM EST

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To: Greg R who wrote (3756)	8/28/1998 9:34:00 PM
From: Jim Koch	Read Replies (3) of 8218

Greg, I have noticed on the INPATHIQUE examples an extremely bearish trend for IBM over the next several weeks/months. I have also noticed that IBM has moved out of the "trading permitted" limits several times over the past several weeks. The patterns of ups/downs have tracked the INPATHIQUE predictions very well. However, the timing and the magnitude of the high/low numbers seem much less predictable. Since you are one of the few people that actually calls their trades BEFORE they make them, I respect your opinion. How confident are you that IBM will actually drop to what looks like a 95 to 100 trading range? At a traditional P/E of 16, IBM should be at 95-100, so your call makes sense in todays frantic market. What about a DELL or a MSFT? Crazy, way overvalued. No way either of those companies will approach IBM's worth in the forseeable future. I was hoping for a "dead cat bounce" yesterday at 125, went long. Ouch! Damn cat bit and clawed me! Will wait till Monday and then get out and watch from the sidelines. Where are the bears? Its OK to say "I told you" since you have suffered so much abuse over the last several months.

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