Search This Blog

Tuesday, April 26, 2011

why i love IBM

Yes, I love the stock :)

They will buy back an additional $8B worth of the stock, and they just raised their dividend to 75cents. I really like how the company supports the stock. They will not buy it up at current levels, they will be buyers when it declines. (They know how to support their stock.)

IBM, imo, is still fairly inexpensive, but it is very overbought right now. I am looking to enter heavily again around the 10-20SMA.

No comments:

Post a Comment