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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: Floyd Stern who wrote (7468)5/13/1999 8:29:00 AM
From: Floyd Stern  Read Replies (1) of 18928
 
I would recommend IBM for a great company with a diversified portfolio of businesses and volatile enough for AIM. A couple of months ago, I bought it when it fell from the high 190's to 184. I thought it was a bargain as analysts were setting price targets of 230. IBM fell to the $160's and I bought some more. Now it has taken off again and is $220 with new target of $250. All business segments are strong except maybe for PC's, and they forecast NO Y2K problems and significant internet/e-commerce revenues. It has been and will continue to be a winner with short term doubts and disappointments on Wall Street that will create the volatility the AIM needs. Long term it's a powerhouse.
Floyd
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