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

To: American Spirit who wrote (5939)	11/13/1999 6:06:00 PM
From: yzfool	Read Replies (1) \| Respond to of 8220

Headfake monday in response to the news which if analyzed is overblown. IBM is range bound for now. Most likely new highs next year, but institutional window dressing will and has excluded IBM for obvious reasons. Low PE, cash, breadth of business don't count. Stock performance counts in this market (high PE). Institutional buying will start in the 80's, buy recs will start in the 100's (resistance). Long term hold; entry window will stay open until late January. Just speculating.yz