IBM Message Board - Msg: 7665677

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Technology Stocks : IBM

IBM 315.51

+0.5%

2:46 PM EST

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To: William who wrote (4649)	2/4/1999 6:50:00 PM
From: zalesky	Read Replies (2) of 8218

To William: Yes IBM is a great company, but you just can't fight the ticker. I dumped it today and made up the loss in about 20 minutes in JB Oxford (early morning). With the news of the great quarter and the split the stock should have made the move past 200. If mutual fund managers can put up 200 to 400 bucks for the likes of EBAY and AMZN it just didn't make much sense to hold such a huge position in this short term loser. Look, I've made 100% in less than a week in DCLK, SEEK, and XCIT. Dell computer has also been an outstanding performer for me in the past. Hell, I made over 10,000 in under two weeks holding the great AOL. In any event, today was the final straw for me and IBM. I'm sure it will continue to be a winner someday but for now the trend is down and like I said don't fight the tape!! Good Luck and enjoy the dividend.

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