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To: ild who wrote (140793)12/28/2001 4:15:41 PM
From: Earlie  Respond to of 436258
 
Ild:

I agree with Fred on IBM. That said, I also thought that IBM would run out of accounting gimmickry last quarter and report poor numbers...... which is exactly what happened...... yet the stock went up anyway. Nothing like having a massive herd of sheep all buying your stock even as you buy it back as a company, to keep the stock price buoyant.

I hope I'm brave enough to "be there" when it finally craters. IBM was incredibly good to me in 2000, but took some of those profits back in 2001 and so I'm a bit "gun-shy" as of yet.

Best, Earlie