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International Business Machines Corporation Message Board

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  • tech_stock_technician tech_stock_technician Oct 22, 2012 2:46 PM Flag

    testing 190 this week on its way to 180 -170

    Probably a good idea to wait according to the chart. There may be a bit of a head fake this week if AAPL and other big tech report good earnings, but the stock should see a short term bottom in the mid to low 180s. Very little risk into the end of the year at that price. That's when the momentum traders will come back in, after they wring out all the sellers.

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    • "Probably a good idea to wait according to the chart. There may be a bit of a head fake this week if AAPL and other big tech report good earnings, but the stock should see a short term bottom in the mid to low 180s. Very little risk into the end of the year at that price. That's when the momentum traders will come back in, after they wring out all the sellers."

      Quite a sermon. Did Jesus say this? Mere mortals who post as if the future is known are boring.

 
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