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

To: Chris who wrote (2547)	2/22/1998 1:32:00 AM
From: DAN KACKLEY	Read Replies (3) \| Respond to of 8218

Chris: Be careful, we could just as easily head toward 90! IBM has really been loosing ground at about 1 points per month since July 97 and since the beginning of Febuary 98 we have lost aprox. an additional 10 points compared with the Dow gains (Superimpose Dow graph on top of IBM) The market is quite risky right now, according to some recent info on news broadcasts, money flow into the market has been significantly decreasing Any market glitch will probably affect IBM much more in the negative direction as compared to the lack of positive movement with the market Also look at bens chart, according to the option information cross over is at 100 (This is where the stock will tend to base and usually swings +/- 5 points from cross over) If we do get a pop as you suggest might be a good time to sell! Good Luck Dan (The BEAR)