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


To: Stockman_77079 who wrote (5616)10/9/1999 9:12:00 PM
From: jim  Read Replies (1) | Respond to of 8218
 
I still see some seasonal weakness here, the stock is now clearly below it's 50 day MA which is unusual for IBM (for most tech stocks over the last year). It has a classic head and shoulders pattern mapped out, and if it breaks below $108 I'm looking for $90 by years end.

I've been pretty up-front on this line, I like this stock long term but short term it's made me some money heading south. Next week will be an important one.