Itching to go heavy IBM here, at least a heavy double up. There are plenty of reasons to wait, especially this week. Considering the Fed will stop its MBS purchasing program.
But I really like IBM here. It is consolidated, and looks to want to move. My only hesitation is above, in fear of the boarder market reaction.
I will add, then wait for the market reaction. Will continue to add if IBM declines further. (Not expecting 127 to be broken.)