Saju,
I am quite ignorant of IBM inner workings, and have little faith in anything but the moat basic momentum TA (that is, complex TA is a matter of faith, and I'm not a true believer, being a mathematician.)
People talk about this "gorilla game" thing... the big gorilla will eventually take all the banannas, as I understand the theory. I'm not a true believer here, either.
And, there is this Motley Fool thing which I have some repect for- buy a good company, and sock it away for many years. The Fools claim that buying price does not matter in the long run, but I like a good company at a good price, then let it ride.
Seriously now, what price do you think I can for certain complete my buy of IBM? I bought half a position at $95, worried it would continue down. Now I must average UP. I am thinking I would start looking again at anything under $105.
Anyone please jump in here- IBM is going in my long term portfolio. I'm perfectly willing to day trade, but IBM is too expensive for me to swing the shares to make it worth while (for me.)
WebDrone |
