Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: j g cordes who wrote (3263)	6/15/1998 3:48:00 PM
From: Chris	Read Replies (1) \| Respond to of 8218

TGT price 150? i dont think so. ibm down 4!

To: j g cordes who wrote (3263)	6/16/1998 1:44:00 AM
From: Jules B. Garfunkel	Read Replies (4) \| Respond to of 8218

Jim, Why would you possibly want to be a buyer at $110? Is the only reason because IBM will have filled its gap by then? As I see it nothing has changed for IBM except the DOW has sold off 207 points. I think today's IBM down 4 was only the result of the DOW index funds selling off IBM along with the other indexed stocks. We still have the impact of IBM's disappointing earnings, and analysts no longer accepting IBM's stock buy-backs and lower tax rates as a substitute for true revenue growth in higher margin divisions, to go. (forgive the run-on sentence but its late). In addition, the DOW is probably going to continue on downward for a while longer. Jules