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

To: John Koligman who wrote (7663)5/9/2002 2:05:35 PM
From: Captain Jack  Respond to of 8218
 
John--- I had no problem buying a little high or adding yesterday. It is hard to tell how low it will go but the only stuff I hold is BRK, IBM, and soon GE <gg>. Layoffs are a required evil in these times and we all hope they are of short duration...



To: John Koligman who wrote (7663)5/10/2002 9:05:52 AM
From: Logain Ablar  Respond to of 8218
 
John:

TA wise it has broken the 81 area which was solid support from 98 so now it should test support @ 70.

Depending on how it spins a revised forecast next week for this year (layoffs, its pension accounting, debt service, servicing margins / competition), in this market, it can go to the 50 area, support from 97, maybe even the 40's if the news is bad enough.

I expect IBM to lead the markets down towards its final flush on this bear market.


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