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

To: Robert Scott Diver who wrote (7627)	4/17/2002 6:29:35 PM
From: Michael Bakunin	Read Replies (1) \| Respond to of 8218

I've only skimmed the press release and was pretty busy while trying to listen to the call. It seemed positive given market jitters which price action today telegraphed pretty well. I expect the stock to settle tomorrow a la INTC, whose stock did much the same going into earnings this quarter, sagging during market hours, popping after, then drifting. I found IBM's protestations about their accounting practices tedious, but whatever you think of their accounting decisions, their disclosure is up-front these days. Regarding my initial thoughts on the preannouncement at Message 17302262 it looks like there's no change in GAAP SOP, that business was disappointing though not 'worst-case'. FD: I picked up an April straddle today which I plan to cash out tomorrow. Given the AH quote and the INTC pattern, I barely break even, but I thought it a reasonable lottery ticket. Fingers crossed the stock moves hard tomorrow. -mb

To: Robert Scott Diver who wrote (7627)	4/24/2002 9:47:47 PM
From: Scott Bergquist	Read Replies (1) \| Respond to of 8218

Right now, with the SPX hovering at 1100, I suggest analysts' "hoopla" about recovery burned too many investors ( who jumped back in when the "bottom" was declared.) "StockMarket Exhaustion" and "Buyers Strike" is what I am gleaning from Cnn/fl, Bloomberg, etc. People are tired of getting ripped, and they are selling heavyweights now, GE, IBM, MSFT, and as those drop, are feeling relief to be "out". This could snowball pretty rapidly.

To: Robert Scott Diver who wrote (7627)	5/3/2002 10:48:57 PM
From: Scott Bergquist	Respond to of 8218

Well, considering two weeks plus two days have passed since the conference call, how would you gauge (1) listening to conference calls (2) resulting stock price. I've been down that road 20 times in the last four years. I'm sick of the BS, and the lack of price follow through after conference "upbeats". This is like 1973-75. It will take 5-7 years to "forget" the lies. PS, my only action on IBM have been puts (IBMSRs, which I sold)