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

To: Greg R who wrote (3727)8/21/1998 2:35:00 PM
From: David Lee Smith  Read Replies (3) | Respond to of 8218
 
I'm taking profits and running. I'm holding to may $65 target for IBM for year-end. I may be the only bear left. All the analysts have thrown in the towel. Someone smarter than Wall Street has been doing the selling.

Beware!!



To: Greg R who wrote (3727)8/26/1998 11:51:00 AM
From: Greg R  Read Replies (2) | Respond to of 8218
 
All - I sold the long position prematurely at $129.50 today. IBM has been being too negative on this run up its INPATHIQUE pattern. It looks like it is looking to drop at the first instance permitted by INPATHIQUE Analysis which is sometime between this afternoon at around $130 and tomorrow at $129.50 as being the peaks. Too often however I have errors in my drawings of greater than half a day, so I chickened out and took profits albeit only 25%.


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