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

To: Kevin Ose who wrote (2743)	4/8/1998 9:21:00 PM
From: saju chacko	Read Replies (1) \| Respond to of 8218

IBM stock is being suppressed by IBM for buyback purposes.... why not play their game and BUY, too.. in two to three months i think the price should comfortably rise and create support at 125. what happened to all the analysts boosting their target price based simply on an expanded p/e ratio? i agree that IBM will lose money because it doesn't hedge against foreign currency drops, but this is a short term situation in the grand scheme of things. besides, look at how many federal, international, and private agencies have moved to rectify the currency collapse in asia. traditionally, IBM stock holders have been long term investors, and frankly, this is the time to BUY IBM shares. Saju