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

To: TWICK who wrote (77602)	5/30/2001 10:56:47 AM
From: American Spirit	Read Replies (1) \| Respond to of 99985

IBM won't warn. The strongest of the strong. They actually have a problem with too many global service orders, which is why they bought IFMX and will probably buy more IT companies. IBM, GE, MSFT and VZ are the leaders. IBM also has a very modest PE. I believe it's range will be 105-150 this year. I'd be buying the lows of today. Or wait another day or two. But remember, an entire run can be made in 1-2 days in this volatile market. The last rally took place in 2 days. Many tech stocks are at their recent bottoms now. Look at AAPL at 20 for instance.

To: TWICK who wrote (77602)	5/30/2001 11:13:04 AM
From: t2	Read Replies (1) \| Respond to of 99985

I think they'll look cheaper next week. They look especially cheap IF-and-after IBM warns IMO I think you mean Oracle. IBM still has another to go in their quarter and their revenues/EPS are now more predictable. ORCL's quarter ends in May and that is why it is the most likely near term warning...However, that would probably be the last chance to buy into tech ahead of the July earnings releases, imho. I would say average in over the next 1 to 2 week time period starting today.