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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (41738)	2/29/2000 1:23:00 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 99985

<<Any comments why IBM all of a sudden is so ignored?>> Surveys showed major slowdown in their Mainframe sales for the rest of the year. These fundamental facts would affect a thinly floated stock. The hard working daytraders are probably not good enough to lift this 200 bil company.

To: Haim R. Branisteanu who wrote (41738)	2/29/2000 2:01:00 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 99985

Haim I bet IBM is more a proxy for the world now, not just Tech Stocks. I'm already positional short again, fairly small... but today's grinding up action is leading me to believe I will be much bigger short soon... Perhaps will put a buy stop in for PDG above the downbars on the daily, too. Maybe things can hang together another day max I think (at this writing).... EDIT - noted your comments on IBM size vs the rest - supports my thoughts. IBM goes up big when business is big; down when its not. All accounts suggest that the are running their business better than in the past; so, if its going down is it telling us about business in general? Perhaps.