IBM has broken out in price, but the complete lack of volume (to
me) suggests that it may in fact be a "fakeout" -- no institutions
are buying this breakout and a price reversal from this level could
be swift. JMHO.
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IBM...
Posted by marketguy on 12th of Oct 2011 at 01:24 pm
how about the genius from Stifel that upgraded IBM to a buy "TODAY"!!!
gee, what a freaking call....
looks like it's breather time (at a minimum....a top at a maximum)...
check the weekly before laughing
Posted by admagazu on 12th of Oct 2011 at 01:29 pm
check the weekly before laughing too hard...
the question is WHY IBM
Posted by dikim on 12th of Oct 2011 at 01:45 pm
was not a BUY when it was trading at 170 last week and what changed the analyst to make it a BUY at all time high with divergence in place....
These are the kind of analyst that makes me SICK..
Haven't you figured out that analists upgrade stock
Posted by zach06 on 12th of Oct 2011 at 01:54 pm
so they can sell into it and downgrade stock to buy into it.
my point exactly.....
Posted by marketguy on 12th of Oct 2011 at 01:47 pm
my point exactly.....
soooo, what's your point? it
Posted by marketguy on 12th of Oct 2011 at 01:40 pm
soooo, what's your point? it broke out but looks like upside from here is very limited....
IBM has broken out in
Posted by kalinm on 12th of Oct 2011 at 01:45 pm
IBM has broken out in price, but the complete lack of volume (to me) suggests that it may in fact be a "fakeout" -- no institutions are buying this breakout and a price reversal from this level could be swift. JMHO.