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

To: Jim B who wrote (5932)	11/12/1999 1:25:00 PM
From: David W. Taylor	Read Replies (1) \| Respond to of 8220

> can't believe the market is so reluctant to buy back into IBM > What is hard to believe? The IBM earnings announcement clearly stated the opinions of top management that the next two quarters would "suck", to coin a phrase. With last night's Dell conference call saying basically the same thing and today's downgrade of Intel for, again, basically the same thing, how hard can it be to be bearish on a stock that should have a P/E of around 15? It is currently 22.5. Fair warning: I am heavily into puts on IBM.

To: Jim B who wrote (5932)	11/12/1999 5:30:00 PM
From: ynot	Read Replies (2) \| Respond to of 8220

jim, momo has been particularly alluring in the last year folks want the $30>$300 runup (rhat, phcm, cmrc, etc...) ibm is boring, but when the rhaturds etc...tank, ibm is there with the smart money holding all imho, of course i like it as well don't worry about the 'market' we are in a market that will break up or down very quickly up is ok, better to buy ibm, but when it breaks down that's when quality comes in and you get to keep your capital AND get a decent uptick in the flight to quality regards, ynot :)