Mike,
that 30s sound too low; BMCS by itself will be trading in mid-30s by year end IMHO, and all imho of course- but watching it so closely for a half-dozen years by now, qualifying self for these predictions now :-): Jan rally will take it to 40s, and IBM will rally together of course, so they can offer BMCS around 60 then (with their highly valued paper by then), and BMCS would happily take it. (In the 30s, shareholders may not approve it I'm afraid, since they have a pretty good chance of reaching 60 by themselves in a year).
The best chance for IBM to have BMCS at this juncture is to offer at least around 42-45! Everyone is expecting NASDAQ to rally starting 3:30pm tomorrow, and be 10% higher in mid-Novemeber. With a beta of 2, and extremely oversold levels, BMCS will be around 25 by then, without any news. All IMHO.
regards to all,
-/Sonny.
p.s. OT: look out for the beginning of a strong and extended bull run also now for: QCOM, CPQ, MU, ATML, DGV, BNBN, NSPK, MSFT and OMKT. On avg. these have at least 60% upside in the next 90 days, from these absolute bottom levels imho. |
