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International Business Machines Corporation Message Board

  • arabicabeans2 arabicabeans2 May 30, 2014 10:17 PM Flag

    Jim Cramer give up on IBM

    In a recent episode of Mad Money, Jim Cramer says he has given up on IBM. Do we have capitulation?

    Sentiment: Hold

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    • so far , the price decline has been almost measured .. no more than avg daily volume on the ride down from
      196 .. i would say capitulation is still a way off ... more than likely , there is another tier holding on in case
      the next ER will surprise ... i doubt that it will .... another miss will probably bring about some healthy volumes and
      i would not want to hazard a guess where the bottom will be , probably around 145 , but who knows at this
      point .... in summary , i would not be in a hurry to buy back in ... even once the stock price stabilizes and
      the market perception of fair value is met , the recovery won't come the next day ...
      I still believe that IBM is one of the strongest companies on the planet and most likely will be successful
      reinventing itself for the umpteenth time , but it's investor sentiments that drive stock price and those are
      pretty sour at this point .. for the big insts. who will pour billions into a stock , they need to see a lot
      more before coming back to Big Blue ... g

    • 20 analysts put it on hold - means sell. I won't touch it till it hits 160. Go with the herd, you can leverage money better in fast grow co. such as GNW and DFS. Just look at their charts comparing to IBM. IBM is in restructuring and money trap mode. The plan is to reinvent inself for 5 years. I believe 2 years has gone by with 8 quarters of declining sales. 3 more years to go. My BYD.UN has already gone up 400% with still many more years of high growth. IBM value will not wake up for at least 2 years. Let see how China clamp down on its business will hurt. I am in wait and see mode. I will buy it when it is on further discount.

      Sentiment: Sell

147.89-0.09(-0.06%)Aug 31 4:02 PMEDT