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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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To: Stephen who wrote (1580)	12/14/1998 12:37:00 AM
From: Lee Lichterman III	Read Replies (1) of 99985

I think I eluded to that possibility but who wants to buy IBM 50% higher than it's old peak when they have foreign exposure too. Besides, at their conference call last quarter, they told the analysts NOT to raise earnings expectations. I is beyond me why a stock rises 50% when they warned a quarter in advance the way I took it. As for the other big techs, it is possible but the overall market just isn't screaming buy to me right now. Instead it is whispering to preserve capital <ng> Lee

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