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Strategies & Market Trends : The Rational Analyst -- Ignore unavailable to you. Want to Upgrade?

To: HeyRainier who wrote (288)	2/2/1998 11:41:00 PM
From: Scott H. Davis	Read Replies (1) \| Respond to of 1720

[initial PERLF response} Glad they're diversifying beyond AS400 - it's not dead yet, as IBM extended the platform by going to a RISC architecture, but it's not a growth platform. Would be interested to know what OS platforms they support for configuration/asystems administration for their RAS products. Would geive possibly more confirmation that they know industry directions. Curious about your focus on waiting to close > 2.00 - I'm not disagreeing. Looks like it's in an oversold state now. A close over >2.00 would come after a 30% gain. Since the sharp decline is broken, and it looks like it is close to the 1.50 mark, which seems to be a key line of support/resistance back to Apr 97, my question becomes: If you're convinced about the FA & business case, would it not be worth buying in now, rather than buying in after a 39% runnup, at a time of possibly overbought condition? I'm not urging buying, just curious about timing strategies. FYI Zacks has it as a hold, MarketEdge has it as Neutral (recently upped from avoid) with accumulation and mildly improving conditions (neither a buy nor a short candidate currently) All for now, Scott