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Technology Stocks : IBM
IBM 312.14+1.8%2:12 PM EST

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To: Sr K who wrote (8108)10/14/2011 6:11:49 PM
From: Kirk ©  Read Replies (2) of 8218
 
ATHs... great news!!! It snuck up to become my largest individual stock holding.... I don't think I've touched my position since I took profits in 1998 to get 2x my money out and diversify...

Even better, not counting reinvested dividends, the $3 dividend is a 15% rate on the shares I bought in 1992 at $20 and over 25% on the 4x bigger buy of $11.90 shares bought in 1993. I stopped reinvesting dividends in 1998.... too much trouble to keep track for the small dividend...

I remember selling some of my HP to buy the IBM shares in 1992 and 1994 as HP was doing great and IBM was really doing poorly... Makes me think it might be time to consider taking a few IBM profits (over 10x overall!) and buying something different but equally hated by the market... hmmmm maybe Cisco or HPQ!
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