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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: j g cordes who wrote (40604)4/21/1998 2:44:00 PM
From: Suresh  Read Replies (1) | Respond to of 58727
 
Jim,

this is a silly market. There are too many technical analysts and I am sure that we will see something like "IBM broke out of 7 months base with x times the average daily volume" in IBD, WSJ etc. Ralph Acampora will even appear on CNBC to tout this fact :). So, IMHO this rally in IBM is not dead...Only way it can die is if the market collapses.

Regards,

Suresh

(PS: This posting may be a perfect contrarian indicator... which is good for your position)



To: j g cordes who wrote (40604)4/21/1998 2:58:00 PM
From: Patrick Slevin  Respond to of 58727
 
Sure, that's bullish. The only thing that would be more bullish is if they were bankrupt!

This is the 90s, son! The old rules don't apply!

Hee hee hee hee


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