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


To: Jim Koch who wrote (5621)10/12/1999 10:09:00 PM
From: Venditâ„¢  Read Replies (1) | Respond to of 8218
 
Thanks Jim

And your logic is founded in reality although I still see IBM as having support at $110 which BTW was reached in after hours trading.

I see IBM a screaming buy at this level and know many people buying calls at this point.

There is no question about this week being a stomach churner but Fridays options expiry explains all of that.

Sellers at this level will not like the recovery they see Friday and Monday combined. I wish you luck on your trade.

All IMO of course.

Vendit




To: Jim Koch who wrote (5621)10/13/1999 2:42:00 PM
From: art slott  Read Replies (2) | Respond to of 8218
 
Jim, they've already taken IBM out back and shot it.
I don't remember the last time it dropped aprox. 25% in such a short time. Definitly not 28 points.
The question is when they "dissapoint" will the stock go up and how much, because its already been "killed".



To: Jim Koch who wrote (5621)10/13/1999 10:29:00 PM
From: Bill Martin  Respond to of 8218
 
Re: Although long and bullish on IBM, I believe its headed lower.


I agree -- it just got ahead of itself and over extended. Personally, I'm looking for IBM to bounce around and base between $115 to $105 for a few weeks or a couple months, then make the next leg up.

As has been pointed out by others though, options expiry combined with earnings reporting season make for a squirrley stock behavior.

Bill