Ibm (ibm) Back On A Growth Path?

Discussion in 'Investment Charts' started by Chartman, Oct 18, 2017.

  1. gowiththeflow

    gowiththeflow Senior Investor

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    The shares are nowhere near their 12 month high even after the good news. Undervalued in my opinion but time will tell.
     
  2. longtermbull

    longtermbull Administrator Staff Member

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    Will the price retrace its steps all the way back to the $140ish level? Again, I think things are changing for IBM and the giant is starting to move forward again but time will tell.
     
  3. Chartman

    Chartman Senior Investor

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    Might see another sell-off to hopefully get rid of the stale bulls then that might be the time to start picking stock up in small batches.
     
  4. longtermbull

    longtermbull Administrator Staff Member

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    Looks like we could see another sell off soon - then maybe time to start picking up little packets of shares ;)
     
  5. gowiththeflow

    gowiththeflow Senior Investor

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    Looks like they are headed back to the low $140s at which point it might be worth tucking a few away for the longer term.
     
  6. Chartman

    Chartman Senior Investor

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    Dont suppose that news another of the old giants, in the shape of GE, is struggling will help the IBM share price. Still think it is worth picking up on sell-offs.
     
  7. longtermbull

    longtermbull Administrator Staff Member

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    IBM is starting to show some relative strength again, perhaps the dinosaurs are making a comeback?
     
  8. longtermbull

    longtermbull Administrator Staff Member

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    The short-term bounce in the share price appears to have attracted some sellers but momentum is certainly on the up. One to watch!
     
  9. gowiththeflow

    gowiththeflow Senior Investor

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    Oh what a change in fortunes! Seems like IBM has fallen out of favour again in the short term although I think there is still good long term value in this old dinosaur at these levels - a prime example of a company caught up in the old way of doing things and not being able to respond quick enough to the new kids on the block.
     
  10. longtermbull

    longtermbull Administrator Staff Member

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    A couple of more bad days on the market and it will be worthwhile picking up a few of this old timer. That forecast return to a growth path hasnt just disappeared overnight - investors have got bored and looked elsewhere. When you can see a non-profitable stock like Snap jump in these markets there must be some relative value in IBM?
     
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