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Tuesday, October 27, 2015

$ibm breaking down

For a seasoned management team, their handling of the street has been shit. The SEC news is kinda blah, but given the negative sentiment, this is just a good excuse to allow the 140 support to break.  If the stock does not recover, there is a legitimate risk of it going toward 120. (Thats in large part due to the consistent lowering of guidance. And with the constant lowering of guidance, the recent buy back may not make sense.)

The stock may bounce along the down trend. Unfortunately it may see lower lows until there is evidence of stability.

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