But how long can they put up with her? I'm not in IBM in any trade or investment (my mom owns shares) but this is quarter after quarter with her at the helm even while the markets were doing well the past year or two. Obviously something is wrong and it is a big ship to turn in the right direction and if not for Buffitt the shares would be in the $130's by now.
It may not IBM is moving the Dow futures down over 90 points alone it is a heavily weighted stock. You may actually see some gains in a some stocks except possibly in services and software.
Looks like it's forming a bottom down here along with oil. This will bounce with oil possibly but at this point it will happen when you least expect it to catch shorts off sides. Possibly $20-$21.
I am amazed at how the execs are allowing this long for the results to come out. Who are they using H&R Block?
I think they are watching oil which is flat to see what direction that takes. The action after 2:30pm will tell us more I believe.
Take things in prospective here the stock is still under $2 but I did post a week ago that the notion of the GOP winning the Senate will give the stock a decent pop off the bottom now Walter has to show they can cut costs and still produce at levels that will supply the demand that's out there until pricing and demand pick up and Obama's EPA is gone. The question is will Walter still be around? This is an option now with not much downside if you have gains to play with who knows maybe the stock is at $2.75-$3.50 if they can report a bigger drop in losses than the market is expecting. The percentage of shorts in this stock is off the charts.
He pumped RAD a few months ago near it's decade high near $8.50. The list of clunkers like LL near $116 last November goes on and on. GTAT on August 26 before the open when it was $18.50 check out where that stock is now and read some of those posters who lost a "lot" of money.
His pumps for days months ago did create all the Kinder highs including EPB. Cramer is actually good for WS knowledge but anybody who buys on his rants when markets are near all-time highs should throw their monies down their toilet.
At these levels now was the dividend worth it for those who bought on his rants near the highs a few months ago? I would guess long termers won't mind that much. Cramer has single handedly destroyed more individual's wealth near the recent highs with his pumps at the same time helping his hedge fund brothers. These days Cramer is Mr. Doom & Gloom.
with their repeating of the same stories of fear mongering all day long? These on air people just love their own expert views over and over....too funny. I think we get the market flush right now in the 1pm hour.