IBM Message Board - Msg: 7424695

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Technology Stocks : IBM

IBM 306.44

-1.9%

Nov 7 9:30 AM EST

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To: art slott who wrote (4525)	1/22/1999 12:10:00 PM
From: J R KARY	Read Replies (1) of 8218

Right you are (and Ibexx, etc) - the sharks are feeding on "stop losses" The pros move the stock up just before earnings (wasn't it ML this time) and up go the nervous investor's "stop losses" . Then the "bad news" (which they have had for at least a day to word effectively) and then they "tick out" the stops . With new IBM stock in inventory , its time to call their "preffered customers" and state -- IBM at these levels is now fairly valued and a "buy" . Regards, Jim K.

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