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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Jose Matos who wrote (6828)3/5/2001 8:14:31 PM
From: chris431  Read Replies (2) | Respond to of 19633
 
The way IBM is trading & the sentiment behind the stocks trading is similar to INTC before they finally had to fess up that things weren't so good at home base. For months, many SI posters were discussing the problems at INTC yet INTC & their cheerleaders continued to hype the stock in hopes that the bad news would turn on a dime & the invincible one was immune to external factors. But, in the end, no company can simply escape what is really going on. Just as INTC, IBM will not fall so easily. It's simply too important of a stock, just like INTC was to the sox/naz at the time.

The more pyramids (ie. indices) the stock is in, the more likely it will be protected by the institutions. INTC is a perfect example.

Chris



To: Jose Matos who wrote (6828)3/5/2001 10:47:09 PM
From: Tom Hua  Respond to of 19633
 
Jose, I was as skeptical about IBM making its numbers as you are until I got hold of some info last week. But like you said, even if they meet estimates, the forward guidance may not be as rosy. On the other hand it'll be a major surprise if they don't guide down as most expect.

BTW, I have no position in IBM and no intention to be in it either.

Regards,

Tom


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