IBM Message Board - Msg: 8420646

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Technology Stocks : IBM

IBM 308.58

+1.8%

Nov 28 9:30 AM EST

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To: Arrow Hd. who wrote (4808)	3/19/1999 7:25:00 PM
From: Mike Perras	Read Replies (1) of 8218

Arrow .. Just have to ask: If I am an analyst & I downgrade IBM & it falls $9.00 am I free to just go and pick up this stock for my firm. These guys have lots of clout & can easily drive a stock up & or down and in my humble opinion is nothing short of manipulation. Todays downgrade of IBM was based on only 4% of IBM's business. IMO a very over rated negative review of IBM & yet people freak out & sell. Does anyone ever check to see if these analysts end up buying a stock they have just pounded. Just imagine picking up another 100,000 shares of IBM at 9 bucks cheaper & if it pops next week, just dump it for a cool 900k. If they can do this & get away with it .. they clearly have a license to make money. Have a great weekend. Mike

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