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

To: Stephen M. DeMoss who wrote (7247)	8/4/2001 4:40:11 PM
From: kvkkc1	Respond to of 8220

You're right about the money flow. I hold positions in the Aug 105 and 100's. I may get burned, but feel that the analysts pushing for this summer rally in the face of the worst economy we've faced since the Carter/early Reagan regime are a definite contrary indicator. As to the other guy who was claiming IBM's actual earnings were growing, I agree, but what kind of premium is due given the slow growth demonstrated during the last quarter with lowered forward guidance for the next two quarters?