Replies to post #35825 on Zeev's Turnips Patch-No Politics (ZEEV)

[SantaCruz]

In redit: IBM printing 69.45...ah wow...lol, that's amazing. I don't see anything in their earnings to warrant this move so we know it's all shorts who were pressing into the close. Maybe I will short it after all.

In edit: On second thought, that will be a very bullish chart on IBM "IF" it has a white candle gapped above today's hod. I think, I'm not that good with candlesticks.

I'm thinking about it. The way that stock has been acting, there is something wrong that's not entirely evident yet. But the numbers are good even though QLGC is not a cheap stock.

IBM took out yesterday's hod and has pulled back. That one looks more appealing to me but we'll see. Wish they'd push the QQQ's up a little more.

[wahz]

c,

Listen, they are e 1.12 right now in this environment. They are TIGHT with csco. The peg is about .7..its simply not worth being negative on these guys, except very short term...I was short going into today so I understand where you are coming from. But in the early 90's, a company like this would be selling at about 55(1.12X 50, which is 1.5x the growth rate)We could BUBBLE up to using early 90's metrics again within 2-3 years.