Or any other anal-ysts? Remember IBM missed several big deals at the end of the 1st quarter that are now included in the 2nd quarter. These guys are nothing but manipulators, IBM is still one of the most solid investments out there. It is not overpriced, these guys are just driving the price down so they can load up.
trust only exists when it's earned .... GS certainly has not done that .... sounds to me like they are trying to
jawbone the price down for another go 'round .... large caps have dominated the market recovery , but that
dynamic is likely getting long in the tooth ... sooooooo , given that most analysts , including GS , had pegged
IBM to 230+ , that would not have been much of a move from 210-215 .. drive the price down to 190 and
the subsequent price recovery would give them a nice piece of quid while they are preparing to leave for
a long time and get into the movement ...
i take today's action to signal a short term bottom is in ... later .. g
No one should really trust that Goldman has their best interests at heart. They are very well known for talking down a stock while loading up on it. I have no position in IBM but would be more prone to buy here then sell. Just seems like selling based on what GS says is way overdone.