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

To: DAN KACKLEY who wrote (2125)	1/15/1998 6:36:00 PM
From: nnillionaire	Respond to of 8219

Dan The Brandywine High Tech fund is probably the fund they were talking about. It was in this weeks' Barrons, and that's probably where CNBC got the story. While you consider this as a bearish indicator, I consider all that money (something like $4bil) that HAS to be reinvested in tech stocks at some near point in time as a positive for tech stock share prices. 'Guess that's what makes a market. Good luck on your downward slope. My forest is growing nicely with only a few struggling trees. Good Investing

To: DAN KACKLEY who wrote (2125)	1/15/1998 6:46:00 PM
From: Robert Scott Diver	Read Replies (1) \| Respond to of 8219

Dan, IBM bearishly went up on very good volume today while the market went down. Perhaps some investors know that IBM is selling the additional hardware needed for Y2K testing and Y2K consulting services. Other investors might know that people are buying new IBM hardware and software to improve price/performance and enable e-commerce AND solving their Y2K problems at the same time for less than solving the problem on old hardware and software would cost. Perhaps the stock is being manipulated. Could be that Jim Kary has the billion dollars <GGG> it would take to manipulate the price a little for a very short period of time. I wish it was me with the $'s required. BTW, even if one fund sold all of their technology stock, would that make them 00.01% of the technology stock funds? Surely having 1/1000 of the technology funds sell all of their stock is a harbinger of disaster. Scott (the IBM bull)

To: DAN KACKLEY who wrote (2125)	1/15/1998 8:13:00 PM
From: Sabrejet	Read Replies (1) \| Respond to of 8219

just an opinion and a few questions one needs to answer in this market: assuming the asian crisis won't get a whole lot better anytime soon, where do investors abroad put their money? the long bond has a bit of movement yet but is quite top heavy. many believe through conversation that the return in bonds at this point would be less than equities. money in theory should find it's way here. o'k, the projected earnings growth has been lowered by many for most in the s$p but has this already been factored into this market? i believe it has. high flyers are in the eye of the beholder. i know where ibm is at and the p.e. it carries. it has always been a bit rich to say the least but the psychology in the market place accepts that p.e. is now a good time to short the market on a percentage basis? i believe no. intc @102, asnd @46 and so on... at that point no problem. it is tough to find a good issue left. techs look o'k for now. nothing dominating. pharmiceuticals are good and somewhat safe on the large cap side. ibm??? through this whole mess it's rebounded and been o'k. shorting this could be right but dead right. good chatting sz