IBM Message Board - Msg: 6042746

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Technology Stocks : IBM

IBM 306.05

+2.8%

1:32 PM EST

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To: Robert Scott Diver who wrote (3919)	10/16/1998 12:11:00 PM
From: Marty	Read Replies (1) of 8218

As I figure it, now that we are in new high territory and we don't have ANYBODY owning shares that they bought at higher levels and just waiting for the a chance to sell the stock at what they paid to get even. In other words, no overhead supply! All we have now are happy owners in profit positions and would be buyers who are waiting to for the stock to come back to the price where they figured they should have bought it (support levels). For my two cents, anyone who jumps off this ship for short term gains is going to miss a nice ride. No other company in the world has as much going for it as IBM does! I just wish I were longer. =========================== (Doesn't look like the max-pain theory is going to work this month if it is still at 120. Query, is a theory valid if it works only some of the time? I appreciate the logic that goes into it, but if it comes up with the wrong numbers, something is missing in the theory. Maybe it would work (better) if it was recalculated every single time someone bought or sold a put or call... or maybe they don't, even after they meet at some point at a net total convergence, know what they they are talking about.

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