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Technology Stocks : IBM -- Ignore unavailable to you. Want to Upgrade?

To: Arrow Hd. who wrote (5389)	7/8/1999 3:03:00 PM
From: Lex Kroes	Read Replies (1) \| Respond to of 8218

Arrow, I am ultra long on IBM, but would rather see a smooth growth in the stock (let's say a 50% year-over-year) than this explosive one. It makes me jumpy and nervous Regards, Lex

To: Arrow Hd. who wrote (5389)	7/8/1999 7:43:00 PM
From: Jim Koch	Read Replies (1) \| Respond to of 8218

It looks like IBM will meet plan and report a nice improvement in Qtr to Qtr earnings. Again, the question is...will it be enough to support the recent stock runup?. Having been optimistic last Qtr and bot in the split adjusted low 80s, I am taking my money off the table for now. Too much down side, can't see that much more upside for the short term. Forward looking PEG is very high. Will look for a dip, and get back in for the long haul. Good luck to all you long and steady investors, you seem to do better than my conservative approach!