June: Just hold on to your shares for the long term, and add on dips.
IBM is a great company and a great stock. I have held it since the 90s when people say: 'the mainframe is dead!'.
The mainframe is not dead, but people call it the 'server' now!
Don't have the heart attack. Take a couple of aspirins.
You are doing fine, unless you are a day trader!
Last week when I said failed banks who can not manage their own finances have no place upgrading other companies such as IBM, some of you got mad. Well, all I can now say is that, if you were that stupid to believe these crooks and bought IBM, you are now going to see you money say Pooooffff and go up in smoke. Sorry, but you deserve it.
Typical pattern for most people including me ,buy high , sell low . Nobody ever wants to buy a stock when it is down and dropping . It's just human nature , cannot be changed. If you follow your opposite thinking , you will be right most of the time.
Ah IBM...increasing profitability by making cuts which reduce employee sat, customer sat, internal skillsets and outsourcing to people whom also care little about customer sat is only going to make them look good for so many quarters before it catches up with them.
Relax Pal. IBM is the cheapest stock on the board. The traders sold it because the numbers did not signal an immediate break-out from the recent new highs. But with an $11.00 profit per share forecast for 2010 and a conservative PE ratio of 14, you can look foreward to a price of $154 in the near future.