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

To: Robert Scott Diver who wrote (3339)6/19/1998 10:04:00 PM
From: art slott  Respond to of 8218
 
The way IBM trades on minor earnings downgrades that should have already been factored into the price makes me feel dumb as heck.
Its like the portfolio managers have to sell a % at different price levels regardless of the outlook for the company.
Riding high in April shot down in June.
Yet nothing has changed.

Art



To: Robert Scott Diver who wrote (3339)6/20/1998 7:54:00 PM
From: yard_man  Read Replies (1) | Respond to of 8218
 
Quarter is almost over. Weaker dollar is as temporary as the intervention. There are other problems -- it's simply an excuse. Personally, I'm surprised analysts haven't already started lowering estimates. Enjoy.


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