If anyone said this game was easy, they don't know shit. But anyway... IBM just beat on the earnings and revenue front, yet the stock is going down. (Oh did I mention it still has a trailing PE of 13.)
Ms. Market, I don't care how inefficient you are some times, I still love you :)
All I can say is buy IBM on the decline in after hours. IMO, I have a hard time seeing IBM going below 130 again.