Yeah with these bad numbers it should see at least 8% drop today but I doubt we will see that. I have some $190 that are expiring next Friday and I am willing to wait to see what happens in the next few tradiing sessions.
It should be down to less than $180 by now....No growth for anytime soon! The pre-earnings run-up was unjustified. IBM should and will retest the $173 low's in the next two trading sessions
I hope you are correct...A lot of people seem to agree with you giving the volume on the Feb22 CALLS
I can see this getting to $39 by the end of next week, based only on the great results they announced yesterday. But to get to $45, we need a bigger catalyst...like the new CEO being picked which I hope should be soon. I can't believe it's taking them this long to find someone.
I really hope to see $173 tomorrow...could that be possible? It's not moving much in after-hours but I think it will tank a lot tomorrow with analyst downgrades!!