IBM Message Board - Msg: 6166068

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Technology Stocks : IBM

IBM 303.23

-0.4%

Nov 26 3:59 PM EST

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To: Robert Scott Diver who wrote (4109)	10/26/1998 2:11:00 PM
From: Arrow Hd.	Read Replies (2) of 8218

Regarding IBM holding its value better than other stocks during this bear market, not exactly true. If you go back to the bottom of the market where it was declared a "bear" you had the Dow between 7300 and 7400 for a 20% correction from which it came back, tested a bit, and so on to where we are now. IBM performed better in the sense it rebounded quicker but off its earlier high of 138 it closed at 113 and skipped off 110 interday for what appears to me to be about a 20% correction. So IBM followed the Dow but rebounded very quickly as money rotated out of more speculative NASDAQ issues. Maybe I am wrong here. Any other views?

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