Tuesday, January 19, 2010

IBM

Looks like IBM has been driven up quite a bit in the last week and is at resistance. I traded out of some 125 July Calls this afternoon as I think we will see an INTEL style pull back on the great earnings that everyone is expecting on IBM/   I still think she has a way to go in the next quarter or so, but I think you may get a great buying or buy back opportunity in the next day or so.  
  

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