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

To: Chris who wrote (2234)	1/21/1998 11:13:00 AM
From: Hugh W.	Read Replies (1) \| Respond to of 8219

To: Chris who wrote (2234)	1/21/1998 3:51:00 PM
From: Labrador	Read Replies (2) \| Respond to of 8219

Downgraded -- DLJ and Lehman -- Just came out !!! I think we will see IBM break through $95 this week.

To: Chris who wrote (2234)	1/21/1998 4:24:00 PM
From: DAN KACKLEY	Respond to of 8219

How Do You Keep Your Stock From Falling Into The PIT OF DESPAIR???? BUY BACK YOUR BUDDIES SHORTS!! Lets look at the big picture: A large co like IBM certainly has a better average indication of world economic conditions, and therefore would have a high probability of spotting a decline at least 3mo into the future. The question is then how could you have a controlled decent? Well if you bought back a lot of stock from your buddies who were shorting it, they could help lessen the price decline by short covering throughout the decline!(They Make A Little Money Too!) Isn't it funny all the analysts were on the Bull side until yesterday? Well being the skeptic that I am, this is my take on the current scenerio Further declines for the future, controlled decent and choppy all the way Near term (This Mo)probabally $92 I Believe the buy back is now over at $2Billion, so support is now like kicking the crutches out from a cripple! THE BIGGER THEY ARE, THE HARDER THEY FALL! FWIW Dan (The BEAR)