IBM update

ibm jan 20 2016

We have a particular interest in IBM, simple because some investors still consider this stock to be a blue chip. You cannot go wrong with this one as you are always in good company and these guys where 3-piece pin striped suits. Moreover this stock has always behaved a little out of phase, time-wise, with the rest of the market so it offers some diversification (which we don’t care for but the market does).

The top was in now 3 years ago. It was at $201 but elsewhere I found numbers more like $212. In any event this stock is now down by almost 50%. If this is a mid-point, and that fite the most plausible count you could easily go another $70 or so , bringing the stock to something like $50/60 and it could be even lower.