I thought the end of the year buying that often takes place was of stocks that did well during the year, in order to give the appearance that the managers were selecting winners. Why would they be buying IBM?
In the past (2009 - 2011 especially) the 150 day EMA was often a consistent support level. It closed above it on Friday. Is holding this an indication that the current run is more than just a short term bounce?
Care to update your thoughts on emr? With the PE over 25 and the year almost over I assume you sold. I'm getting close to selling myself but just when I think it's going to pull back it climbs up some more. Don't want to be greedy though.
Yes but price direction doesn't always follow short interest direction. I haven't been able to see a strong correlation between the two.
Charts look very similar to late January 2012 when EMC climbed over 15% and then continued higher in the following months. Could todays announcement on Pivotal Initiative cause a repeat? One difference is the broad market in Jan. 2012 hadn't climbed while EMC dropped. If the market stalls here, will EMC drop again? And if it does, how far?
Couldn't help notice EMC's 9% climb since Cramer's 2/25/13 strong sell call when it was at 22.83. I've got to stop watching his show and letting his calls have an influence in my decisions.
Yes, but if the pps had a floor near 12.5 with loosing $1.67 /shr., I would think it should be able to move higher loosing only half of that (so long as the overall market doesn't drop).
I'm unsure if my calculation of EMC's near future pps is reasonable due to GAAP earnings always being lower. Does 1.28 x 20.5 = 26.24 seem conservative enough for the next earnings?
So what do you consider EMC's support level to be (assuming the market doesn't fall off the cliff)?
So what are we looking at for new support and resistance levels given earnings results and a cautious forcast? Was today's 24 - 25 range a bottom based on a sound application of the numbers?