IBM Message Board - Msg: 9070639

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Technology Stocks : IBM

IBM 304.94

-3.2%

Nov 13 3:59 PM EST

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To: Jim Koch who wrote (5003)	4/22/1999 12:51:00 AM
From: J R KARY	Read Replies (3) of 8218

Congrats Jimbo , and your Daddy is right on luck but the Pros bought IBM On the boat , I can't bury the hatchet just yet , as IBM s due to get a $ 5 bln check from A T & T soon ... you never know ! The Pros scared a lot of people out of IBM , even some knowledgeable ones on this thread , and (Pros) have been buying IBM regularly but at the right price . You inquired : >> " ...there are many skilled analysts that follow IBM that have far better contacts than I do. Why didn't they see this coming? " << Ain't no expert , and my reply is humble , but there has been consistent end of day buying of IBM in the $ 166 range since the January sell-off . Fidelity's Quarter end announcement of a tech reduction was only for Fido's Magellan Fund and gave yet another late IBM buying opportunity for them . The Pros are here , and it bodes well for a good IBM shareholder's year. Getting the boat I won is still a problem , but $ 5 bln is a lot of loot , and hope springs eternal . Jim K.

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