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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Susan G who wrote (24055)11/14/2001 1:48:53 PM
From: Paul Shread  Respond to of 52237
 
13:42 ET IBM (IBM) 113.51 -3.19 (-2.7%): -- Update -- Stock on the defensive going into 16 ET analyst meeting. As has often occurred ahead of an IBM event, rumors flying off trading floors that this will finally be the time that Big Blue admits that it has not escaped the economic downturn unscathed. In the markets today are rumors ranging from layoffs to CEO departure. Would note that those short IBM or other stocks have attempted to bash issue in the past with no success. However, as in the past, these rumors have been successful in temporarily weighing on the stock, as is being seen today.

briefing



To: Susan G who wrote (24055)11/14/2001 2:24:36 PM
From: Terry Whitman  Read Replies (2) | Respond to of 52237
 
Bond Clueless? Heck, the charts read the same as any other. You seem to make some pretty good ones. Just have to remember that rates are inverse to the bond or note value.

I seem to recall learning something about 'breakaway' gaps that occur after a trend is exhausted and reverses (much as happened in '98)- I've had margaritas since then, so I don't remember exactly, but it seemed like those type of gaps often didn't get filled (at least not in the short term). I could be mistaken however, margaritas and all. <g>