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Technology Stocks : IBM
IBM 308.58+1.8%Nov 28 9:30 AM EST

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To: Larry Anthony who wrote (3808)9/10/1998 11:06:00 PM
From: Greg R  Read Replies (1) of 8218
 
Larry - Great questions. First half(s) verses last half(s) and center-lines etc are expressions and not literal terms. Fact is that the peak of $127 or so is not the top of the "First Half" The first half was being limited by the "Center-line" of IBMs very long Bull-Set. Although the value should be meaningful normally, it is not here. I'm sorry, but without being an INPATHQIUE analyst, there is no reason for you to be sensitive to this limitation on the upside of this "Lower" set.

Your observations are reasonable however ---. What I expect (hope for) is the price to bottom at $109 around Sept 17. IF it does, that would indicate to me an above average opportunity to benefit from a call opportunity to $118 (not 113-114) around Sept 24, 25. The timing is tight and requires an INPATHIQUE chart of your own so you can react on a timely basis.

Please.... I cannot state this far in advance exactly when and at what price I will be selling. Only by following my own chart can I hope to react on a timely basis. The dates and times I am indicating are if the world unfolds perfectly and Clinton learns to keep it in his pants. Sorry, couldn't resist. How did INPATHIQUE know Star's report was about to be submited and the DOW was about to crash. Lord... would I ever love to know. This happens over and over.

The second half expectations are indeed less than the first half and that is because if IBM becomes bullish, it will take off up the next Bull-set ASAP and not play out the full potential of the second "half". It is this uncertainity that makes me say the first half of the INPATHIQUE Bear-set is easier to predict than the first half.

May the zippers of those in power bless our investments!
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