I had a little over 1/3 of my IBM in an IRA and sold when it broke $198.
I hope to buy them back cheaper. It looks like IBM will be weak for a while.
My guess is that the fiscal cliff has delayed some of IBM's deals.
Too many comparisons now of IBM's p/e compared to MSFT's lower p/e and faster growth rate.
Smart move! You can always buy them back...
I sold the rest of my IBM when it tested $197 for the second time earlier today.
If MSFT reports good earnings tonight I would expect to see money come out of IBM and go into MSFT.
I am also very concerned about the election and the fiscal cliff. So I figured I would sleep better with more cash than stock. The stocks I have are VZ & T.
I just don't see a catalyst for IBM until the election and fiscal cliff are resolved.
If Obama wins I think the mkt will be negative and could be so for a while.
I want back in Big Blue for the LT.
Should have sold yesterday then. It will at least make up half this loss within a few weeks. GL.
Good move in my opinion. I sold off a bunch of IBM when it dropped to 200. I feel the stock will
continue to drop until the fiscal cliff is resolved ... good luck to all.
Sentiment: Strong Sell