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International Business Machines Corporation Message Board

  • dino2hootie dino2hootie Oct 12, 2010 11:45 PM Flag

    Approaching $140-Why the Negatism?

    I've watched the majority of the postings on this board complain when shares were $100, then it hit the teens, then the 20s and now we're knocking on the door to 140s and people are still complaining. I just don't understand, if they are so unhappy find a safe haven like a bank and draw their 2 percent. Guess they will still complain when its 150 and beyond.
    Personally I'm Smiling, it won't make me rich, but IBM has doubled my investment.
    Thank you IBM!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • many people absolutely hate IBM .. investors and analysts
      alike ..

      20 years ago , they had written off IBM as a growth stock
      and many missed out on making money .. IBM has not reacted
      the way that they were supposed and continue to do so ..

      later .. garce

      how many here could have loaded up a 122 a few weeks ago ?
      or 105 about 15 months ago ?? answer .. anyone ... garce

      • 1 Reply to garceman1
      • garce, Don't get to big a hard on... When they run this stk up in 07 and 08 and I was convinced it was going higher.. They crashed it both yrs... They hurt me bad... But with moffat in prison.. I think the manipulation is over with... I still don't trust this bunch of officers, that much... Should they want this stk to back off and not impress or just give some kind of neg statement... Guess what will happen... But the fact ole sam has started holding some of the stk in the last yr and a half.. I think they are trying to be honest now... And don't believe IBM couldn't become a wall st. darling again...On the flip side as you said.. Nobody has showed it any love for yrs....In the mean time.. I think intc reported good earnings.. It was up big time in pre mkt trading... Now its down 10 cents with the dow up 95 pts???

    • Hello Dino, I'll tell you why all the negatizm... There was no reason to believe we would be going to $140. Regardless of what anybody says or why.. Last qtr wasn't that good a qtr... What those institutional investors done was caught joe public thinking it would continue trading between $122. and $132. So ole joe sold calls against his stk.. Most of them probably sold the 120, 125, 130 or 135 calls... Now they are confronted with either getting their stk called or buying them back... While they still made a little money and can record a lose if they buy them back.. They missed out on the money they would have made as it run up.. Then you have the real big dummies, such as myself. Who figured that it would back off after hitting $132. I sold 30, $125. calls that I was making a little money on...So, that is about $24k I have missed out on, if I would have held them... But the genius that I am.. I bought 15, 135 puts at $4.50.. Then doubled down when they got to $3.50.. Then doubled down again last Fri at 25 cents... I now own 60, 135 puts that will expire worthless on Fri.. Unless we have anouther flash crash... Bottom line they have had ole joe playing this mkt to go down for about 3 wks... Guess what.. Its those hedge fund mngrs job, to rob ole joe... And they are good at what they do...If ole joe was betting the mkt was going up.. They would drive it down... Ask yourself.. Is anything better than it was a yr ago.. I think they are worst.. But how many people do believe as I do about IBM, that their particuliar stk is still way undervalued???

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