Good morning Electric.
Being that you and I are the two who seem most interested in IBM, I thought I'd post this observation to you. First of all, I'm a believer in Money Flow....Laszlo Briniyi's formula (various formulas cause various results). An upside MF divergence is what orignally put me in IBM calls. I've been watching IBM very closely...trying to see why reason why it should go up, why it should go down, or why it should stall.
This is also why I keep asking YOU about your most current read on IBM. You see just the opposite of what I see, and i want to make sure I'm not missing anything. Well, I thought I should do the same for you in case you're interested. Looking at MF this morning, block, non-block, and total MF, I noticed that IBM has had full support of buying for this rise. This is called "better buying". IMO, this means that IBM might not be as willing to fall as you think (and I think since I've on Red Alert to close my position). The only other person that I know who could confirm this read is Leland Charon who also uses a Bloomberg.
I appreciate your reads on IBM, and would REALLY like to hear from you if anything chnages in what you see.
I hope this info helps.
BTW, because of my latest research (MF info), I've lowered my sell price to 110 1/2. If IBM, breaks below this level, I will close my calls.
Take care.
Kevin |
