Agree. Moat stocks traded on the major exchanges are overvalued. IBM could see 150 soon. If you're getting hurt on it, consider stuff like EXG, 10% divvy, no leverage, monthly pay, and currently in a buyback. If IBM doesn't get to 150 or lower, I have a nice fallback.
Finally, somebody with a backbone. I'd rate it a buy solely on that statement alone. LOL