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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (256428)	8/18/2003 6:58:02 PM
From: mishedlo	Read Replies (2) \| Respond to of 436258

Layoffs are bullish. Until there are no jobs left here and India demands a 300% pay hike. M

To: Haim R. Branisteanu who wrote (256428)	8/18/2003 7:37:00 PM
From: Earlie	Read Replies (1) \| Respond to of 436258

Haim: It was very kind to me the last time I stayed with it and maintained my discipline ($110 down to under $70). I suspect it will provide a similar if not better return once this remarkable bubble explodes. I am still there.... patient as a spider. (g) IBM is one of about 5 dozen "hide-out" stocks where many fund managers have stuck a great deal of money. They are rarely shy about throwing more money at stocks where they have huge positions that might be difficult to "off". That said, once a few of "the boyz" decide to exit, we will witness a scene similar to what happened to MU as it fell from above $100 to under $10.... a steady, fairly abrupt fall down a steep set of stairs. I'll be there for at least a good part of it. Notice as well that in spite of several attempts to "break out", it sure looks like the high eighties are a fairly solid ceiling. Best, Earlie