• Subject: Re: Down market winner
  • From: Glenn Ericson <Glenn-Ericson@xxxxxxx>
  • Date: Tue, 28 Oct 1997 17:18:30 -0500

At 06:07 PM 10/28/97 +0000, you wrote:
>IBM bought back $7 billion of its own stock
> in the down market this morning.
>Good  Buy
>The market  went down another 180 points  below  7000 mark and  now is on
>the positive  side in its return[ but not  all of the 500 point  lose has
>yet been recovered]
 Hold it-   now there are  at least 2 numbers here - 
Yesterday the IBM Board  authorized repurchase of $3 billion + [odd] of IBM

and the NYSE  market continues up  now  at over 300 points in  recovery of
yesterdays 500+  plunge!

 It is  still a good  buy

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