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

To: moose who wrote (1950)	12/8/1997 7:49:00 PM
From: Greg Jung	Read Replies (4) \| Respond to of 8218

moose, its only a little over a month since you could've bought at 80. When dow goes down, IBM will also. Looked at objectively, selling computers & related is a pretty dull business. This is IBM, and they have been recently fortunate enough to represent in their financials an average of technology generally. Outside IBM you have stocks that are gyrating wildly based on momentary successes and collosal failures. On average the successes might out-weigh failures and the result is the 6% solution. There are far better opportunities in tech stocks for money you can let sit for a while. IBM will trade in an 80-120 range for a while, probably a long while. If they discovered a cure for cancer tomorrow it would only represent a 1% revenue surge. If you want to short-time trade it, its in the middle or top now. You have to buy when nobody wants it. That is easy in many other sub-sectors now. If you have money to buy without margin take a look at ATML/CPQ/INTC/TXN within the industry, LSI/VLSI/QNTM/WDC/SEG for more risk, etc. Greg