On Wed, 29 Mar 2000, Eddie Strohmier wrote:
> Hello:
>
> I know this is off topic but has anyone noticed the large decline in Redhat
> stock price lately and the news today that IBM has sold off 14 + million
> worth of shares recently. I hope this not a sign of things to come. I always
> thought or my impression was that IBM was big into linux particularly
> Redhat. But to see them sell this much makes one think that maybe they are
> not as impressed with Redhat as once believed..... What's with the decline.
> So they had another loosing 3 months. It was better than it was expected to
> be. I hope that it is not lack of enthusiasm for those looking for something
> different than windoze.
>
The stock market has little to do with the real world, in my opinion it is
the largest popularity contest in the world. If all investors made
decisions on a sound financial basis, it might be different, but in
today's market a huge selloff might begin because someone burnt their
toast at breakfast.
As to why IBM is selling off, I don't know, but it will drive the price
down for 2 reasons: glut of stock for sale and FEAR.
If I were IBM, I'd be kicking myself for not selling off much earlier when
the price was much much higher. My guess is they finally hit their minimum
gain price.
Bill Carlson
------------
Systems Programmer [EMAIL PROTECTED] | Opinions are mine,
Virtual Hospital http://www.vh.org/ | not my employer's.
University of Iowa Hospitals and Clinics |
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