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International Business Machines Corporation Message Board

  • cvs9yt cvs9yt Feb 6, 2013 9:56 AM Flag

    Its about time

    Rev down qtr over qtr, Govermennt spending down, earning made on the backs of employess , pention liabilities up,Compensation down over 500 million, is that going to happen again this year, Mcdonald #$%$-ing around with 401k plan I think the free pass is over now

    It wll have to be a show me year

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Yes -- it has been a long time.

      And you have been snarking old Big Blue for a long time.

      Remember the halcyon days of snipping and talking her down below $100?

      I do.

    • You may be on to something. Obviously others in your corner.

      • 1 Reply to dino2hootie
      • I've been on the sidelines here since 10/18 at about $198, waiting to get back in. I was stressed out after earnings watching IBM walk away from me -- again. The worst mistake I've made with IBM was selling prior to Q2 2009 earnings at $100 on a Goldman Sachs downgrade and watching it quickly go to $115 before I got back in.

        I have added a little T & VZ. Europe looks week. Auto sales in Europe are falling back to 2008 - 2009 levels. It's expensive to live in Western Europe. Young people strive for a smart-phone and rent cars or just ride bikes. The EU economies outside of Germany are slow. France is going to be a drag on Western Europe.

        So I added to T & VZ because they are US revenue based and smart-phones are becoming ubiquitous here as well.

        Lurking and waiting to get back in BIG Blue as my biggest position -- because short term cash rates are mighty small. But as long as I was scared out because of slowing world GDP. The emerging market countries need demand from the EU, Asia and the US to keep their economies humming. So at this point I'm waiting for a market slide.

        Good Luck

 
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