WOW !!! i had not realized that ..
would you recommend shorting the stock ? or buying puts ?
Which puts would you buy ? short ones ? or Leaps ?
any advice will be greatly appreciated .. thanks ...garce
I think so too. 170. The sales were bad. Look at Accenture, the straight 8 quarters declines showed the bad climate in consulting business price pressure. Accenture drop 8% in one day and drifted lower than the 200 day moving average now. IBM has even the lousy hardware business, 3 billions of server business to write off, massive layoff charges - about 6000 per head. All in all, I do not see this titanic is turn around just yet. They were able to low ball the subcontracting rate, now the independent contractors are asking more. The cheap labor model does not work any more. I will wait for the write off to complete first. 170 may be an under statement.