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

To: WebDrone who wrote (4308)	12/2/1998 10:25:00 AM
From: Kirk ©	Respond to of 8218

You sound like me. I've never had cash at the time when CSCO looked to have reasonable valuation or there were not more compelling buys. My solution was to sell off 25% of my holdings in IBM, meaning I got back all my original investment (I doubled up when it was at split adjusted $24). Now I am playing with house money and have money to invest if Cisco or some other good stock goes on sale and I earn interest holding the cash. IF IBM continues to go towards getting a valuation like GE, MSFT, KO, CSCO etc. then I will continue to sell off some every time it goes up 25%. I'll sacrafice a bit of return for the added diversity I gain and I will always be saying "My holding in IBM are between 4 and 5% of my total portfolio." Here are more thoughts on IBM suite101.com One of the posts stored there says that ML had a 12 month price target for IBM of $180 set less than 30 days ago. Think ML will downgrade as we get there and take profits as I have done? BTW, I'd add HWP to the list of good investments and it has a good price on a valuation basis. It now has costs under control so any uptick in international orders will mean big profits. I was quoted in a thestreet.com story on HP suite101.com where the writer, Eric Moscowitz, painted a pretty positive picture for HP.