>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

If I understand the numbers properly, the market dropped 550 points, 200
more the next morning, then went up 300.  That's -still- a net drop of

--Paul E Musselman

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