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To: DataBits who wrote (88761)	3/18/2001 8:37:15 AM
From: hitsoft17	Read Replies (1) \| Respond to of 95453

Data, I agree on the tone of your thoughts, but I would suggest that there are a number of stocks ( TXN, AMAT, MU, DELL ) that have been channeling for weeks and are sitting at lower resistance. Classically these will lead the averages out, whenever the hell that happens. I would suggest that a safer path to accumulation might be to increment into these first. However I agree that is is time to start averaging in. Some of these lower tier issues are acting like value stocks and have single digit trailing PEs ( LRCX, NSM ) HItsoft17

To: DataBits who wrote (88761)	3/18/2001 5:27:34 PM
From: Terry D	Read Replies (1) \| Respond to of 95453

Even for a "bit" that is simplistic. IBM is 20% undervalued to what? Its sector? The market? An XFL franchise? On what basis? Growth? Balance sheet? Market share? From where it used to be? You may be right, IBM may reverse course from its massive 30% drop from its September high and never look back. But - CSC proved that service business is not recession proof, sales and orders for big iron are slowing, they are exposed to Europe's skidding economy....... Current-year profit estimates for IBM have held at around $5 a share - but that is suspect. A 20 PE is nothing compelling for a company losing momentum. But I don't have any cute tag lines - so WDIK?