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Tuesday, October 5, 2010


IBM is kicking butt! They report on Oct 18th, and I think they will see a consolidation prior to that. (Or at least I hope they see one.)

I think their quarter will be really good thanks to the HP mess, release of their new hardware and financing options announced this quarter to facilitate the transition of business from names like HP.

I am not in IBM right now, but am looking for an entry. Due to the break out, I am no longer playing the 120 Jan calls. Instead I will be playing the 130 Jan 2011 calls.

My initial entry will be around 134.

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