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Tuesday, September 20, 2011

few notes... IBM, POT

IBM - Firm support near the 170 level has been established, along with the 175 level I was looking for. I doubt it goes below 170. If it does, the stock will not stay there for very long.  IBM usually run-up before earnings, then sells off, unless solid revenue growth is observed. (I will be looking to actively trade it.) It may trade in sympathy to Oracle's report. (Even though I think IBM hardware is taking share from them.)

POT - I purchased POT in the AM as it hit the mid 52 area. I am looking to actively trade it intra-day, but at current levels, with longer-term prospects of potash (the commodity), now is a really good entry point.


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