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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Frank Pembleton who wrote (7992)	2/19/2002 10:29:27 AM
From: isopatch	Respond to of 36161

Frank. Saw that one. Darn good stuff./eom

To: Frank Pembleton who wrote (7992)	2/19/2002 10:41:38 AM
From: kirby49	Read Replies (2) \| Respond to of 36161

Frank: Reminds me that there were very few analysts anywhere near puberty during the last bear market of the early seventies. IBM was one of the few to survive and you would think that they know better, but I'm sure even Thomas J. Watson understood the his "Lengthening Shadow" disappeared when there was no light. I always thought it was 17 years before their share price reached the peak, but a chart I looked at shows it more like 10. Those same analysts which were calling the bottom Apr 2 and Sept 27 and for it to be V shaped, have no idea what the bottom of a bear looks like or how long it can continue. It will continue until business remembers that they better look after business and their business is not the markets! When was the last stretch of time that IBM produced innovative new products and then brought them to market at a competetive price with better profits. Probably during that decade bottom. Weaned off the card reading 320 to tape of the 360 through their mag card and then MT/ST. Now it's been a long time since I've been in that world and I don't know if they have made great strides in mainframes and servers, but I remember their OS2 was a bust wasn't it, and I've been in IBM stores which are always empty, even a few years ago when Computer City was still here and there were always lots of customers in those stores. Of course really I'm just jealous, cause the analysts aren't really analyzing anything, they're just good at reading. Go to work and read from a telepromter all day and get paid for it, it's a good gig. Regards Bob P.S. Eva, just caught up. To check out grubs go here Subject 22251