Berney:" IBM "
>caveat I consider is that IBM is approaching the 50% retracement figure...
...I'm nibbling here; 200d EMA is around ~109.5 on my chart. That monster gap between 85~95 is a concern, of course. Buzz is that AS400, big iron sales are down. I like the component supply alliances that IBM has made this year; they've dumped ibm.net biz to T, too (now "att.net" as of 01-OCT). Earnings are due in a couple weeks; I kinda expect IBM to announce a split. Anyhoo, ~110 area not a bad place to invest a little $. If IBM does collapse to gap, I'd be tempted to sell '99 PUTs, buy '01 LEAPS.
>Murky broke the down trend line, and the re-test will tell the tale in this sector...
...news reports on national empTeeVee this week, revealing that democratic-socialist economies abroad and, NAFTA trading partners Canada & Mexico offer prescription drugz 30%~60% less than pharmacist's prices in TheStates - concerns me, in light of election year politics. MRK's alliance with e-tailer drugstores may help lower distribution, Cost of Goods Sold somewhat - but, if the AARP politial bloc makes prescription drugz their agenda - I worry about DRG.X PEG. Shorter term it would be strange, indeed for DRG.X to finish the YTD negative.
>only retail looks toppy...
...gotta love holding WMT long-term (^_^)
The joker in the deck, Berney, is BKX.X IUX.X XBD.X
Where do you see C/CMB, AXP, AIG, and MER/MWD ?
-Steve |
