Kevin,
I totally agree with you on your analysis. I still dont see a viable reason for the buying of IBM as far as fundamentals or new technology, earnings etc. I do think IBM is a laggard.. when the tekkies were running 4 months ago big blue was stalling. It might be its time, dont get me wrong I personally think IBM is undervalued by a PE basis, I have been mystified as to why it has been so slow, and my theory of the big fat kid is the best way I could state it.
I am with you on getting out at 110, but get IN at the same time. I dont see alot of backing to a fall, if that makes sense. If it falls a little, it may fall alot since as I mentioned there isnt any NEW reason for this rise. IBM is acting like a princess, one of which I think cannot be sustained, it may run a little but if the market has a down day IBM will be down more than the percentage in the dow. IBM was my first call purchase (isnt that cute?? <gggg>) I lost on it, and maybe thats why I watch it so much. It is making NEW highs, lets see how it sustains it.
MF isnt somthing I have alot of access to chart, so any info/read on that is much appreciated.
Watch those calls, be ready for puts.. I noticed that volume keeps increasing on puts, there are alot of skeptics just like me out there..
I bet on the Pack and the over last night, that game looked like the central division of old... BORING!!!
See ya Mr.Renegade...
Electric |
