Re: Down market winner

[Glenn Ericson <Glenn-Ericson@xxxxxxx>]

Paul,
  that is still a good deal and who knows what the market does from day to
day....It is  like legalized gambling of sorts.
Lets see what Halloween has to  bring  to the  NYSE index to close the week?

-Glenn
=====================

At 05:08 AM 10/31/97 +0000, you wrote:
>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
>stock
>
>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
>450...
>
>--Paul E Musselman

Glenn
___________________________________________________
Glenn Ericson,          Phoenix Consulting                      
P O Box 701164   East Elmhurst NY 11370-3164 USA                            
Ph. 718 898 9805         Fx. 718 446 1150
AS/400 & Year 2000- - Solutions Specialists
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