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

To: Catcher who wrote (4823)	3/20/1999 5:02:00 PM
From: J R KARY	Read Replies (1) \| Respond to of 8218

If you buy IBM now you won't be alone - see Laslo Byrini's Money Flow A year ago Robbie Stephens' issued a Opt Expir day warning on IBM . It was baseless yet IBM fell a few points but recovered . Timing of this warning creates suspicion . No doubt the Street wants a media event over DOW 10,000 but not facing a Serb weekend and with the Fed Reserve (over valued market) Presidents speaking next week . Crossing 10K a few more times makes it creditable . IBM has been attracting heavy buying in the $166 - 170 range which could be smart money returning (money flow) . Oh Laslo ? " Birinyi Sees Dow at 12,000 by End of Year, Barron's Reports Bloomberg News March 20, 1999, 10:33 a.m. PT New York, March 20 (Bloomberg) -- Laszlo Birinyi, president of Birinyi Associates Inc., sees the Dow Jones Industrial Average at 12,000 by the end this year, resulting in a 25- percent gain for 1999, Barron's reported. Birinyi tracks stocks by examining their money flow, or whether investors are willing to pay more than the market price for a stock that's rising, or to sell a stock that's falling for less. Birinyi says that American Online Inc., American Express Co., Apple Computer Inc., Charles Schwab Corp., Ford Motor Co., International Business Machines Corp., J.P. Morgan & Co., LSI Logic Corp., Merrill Lynch & Co. and Motorola Inc. have the best money flow, while Allstate Corp., Atlantic Richfield Co., Bestfoods, Campbell Soup Co., Harris Corp., May Department Stores Co., National City Corp., New York Times Co., Occidental Petroleum Corp. and Walgreen Co. have the worst, Barron's reported. The Dow Jones Industrial Average crossed the 10,000 benchmark three times during the past four trading days, though it has yet to close above it. (Barron's 3/22 40 www.barrons.com) Jim K.