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To: nohalo who wrote (2193)10/14/1999 11:19:00 PM
From: George Schulte  Respond to of 19374
 
DA I think IBM is at a good price now bought some today at 105.18 also in Mdt at 30.56 I am holding AOL in at 105.00 I am concerned about the mkt tomorrow the futures sure look bad IBM could go lower tomorrow Good luck to every one tomorrow George Schulte



To: nohalo who wrote (2193)10/15/1999 6:37:00 AM
From: Venditâ„¢  Respond to of 19374
 
Welcome to the thread DA

IBM is one I bought and sold for a small loss when it breached it's lower support of $110. Looking at it's chart I can see that it seems to be forming a bottom. The lollipop shaped candle that was formed yesterday suggests that short sellers covered. That would make sense because options expire today.

askresearch.com

AOL was rocked the last several days for the same likely reason, options. It's still showing some signs that it's in a down trend but money flow reversed yesterday and it bounced off a support level close to $110. I have a buy order in at $105 that may not execute anytime soon as I had thought.

askresearch.com

Both IBM and AOL are blue chip companies that you can't go wrong in owning long term but you may have figured out by now that I like to own stocks when they are rising and be a bystander when they are falling.

Vendit