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International Business Machines Corporation Message Board

  • this_is_a_krool_stock this_is_a_krool_stock Jun 21, 2002 12:08 PM Flag

    The past week indicates IBM will warn


    It's so obvious from the behavior of this stock in the past week that IBM will warn. The big boys know something is rotten in Armonk. The question is how bad will results be? Any takers?

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    • Yup. Big Boys are in charge and they're selling gradually in controlled fashion since they don't want chaos as they unwind their positions.

      They have come to serious realization that tech spending is very weak and will greatly affect IBM earnings.

    • You can blame the congress for not pursuing meaningful reform of accounting practices for the stocks drop. If people do not have confidence the broad market suffers and this is were we are. The politicians are waiting for ENRON to blow over and are blind to the damage done to the economy by the accounting scandals.
      No one expects the present administration to stand up to business so you should expect a long drawn out death spiral. I just hope we do not see inflation numbers rising or this will put us into a deep recession.

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