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Technology Stocks : IBM
IBM 297.17+2.5%12:56 PM EST
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To: A. Edwards who wrote (5019)4/22/1999 4:27:00 PM
From: David Lee Smith   of 8220
 
Watch out for a downgrade of IBM by someone like Merryl Lynch, Salamon Bros, or Goldman Sachs! When one brokerage firm says buy a large cap stock, usually a competing brokerage firm will soon come out with a downgrade. This is a big game on Wall Street. One firm loves the stock; another hates it. (Buyers and sellers make a market) Ask any sell side analyst. There is always a bullish and bearish story for every stock. The big brokerage firms know this well. No way we'll see Lehman's target by eom.
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