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Monday, March 29, 2010

Thoughts on IBM

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.)

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