IBM Message Board - Msg: 6657667

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Technology Stocks : IBM

IBM 322.44

+2.8%

9:55 AM EST

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To: yard_man who wrote (4313)	12/2/1998 9:23:00 PM
From: Jim Koch	Read Replies (2) of 8218

Tippet, if I sold every time I was nervous, I wouldn't make any money! However, I have tightened up my trailing stops. As I said, I like IBM's long term prospects but when the stock reaches my 12 month target in a matter of weeks, perhaps the prudent investor should take their profits and wait for another buying opportunity. What makes me nervous is that if I would sell every time I thought the damn thing reached fair value, I would have missed out on some very nice gains. This stock continues to exceed my expectations . As I said, 4th Qtr looks very, very good for IBM so the stock still has room to move up. If so, I want a piece of that gain. Still long, still nervous! Jim Koch

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