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

To: Darth Trader who wrote (1852)	11/11/1997 9:34:00 AM
From: Ron	Read Replies (1) \| Respond to of 8218

Is that based on technical analysis? Because big blue's news has been mostly good lately, including the copper chip and now the 16 gig hard drive. Why do you think it will sink short term?

To: Darth Trader who wrote (1852)	11/11/1997 12:35:00 PM
From: rsc	Respond to of 8218

To be legalistic: IBM has seen 100 before it saw 90. <eom>

To: Darth Trader who wrote (1852)	11/11/1997 7:22:00 PM
From: Robert Scott Diver	Read Replies (2) \| Respond to of 8218

Darth, Over the last 60 days IBM has been following the NASDAQ. I got out of my long position today. I have been long since the stock was at $53 pre-split. Long term IBM should do well and I plan to get back in and make even more money on this excellent stock. But right now the market appears ready to correct another 10%. The IBM chart seems to confirm that IBM will follow. Until things bottom out or we get a lot closer to 4Q earnings, there looks to me to be a lot more down than up side potential. Right now I am parking the bucks in a bond mutual fund. JMHO. Scott (previously irrationally exuberant)