chartsmaster

Going Higher - Either Way

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NYSE:IBM   International Business Machines Corporation
I have been advocating for being long IBM for months. Next week's earnings report can either be another disappointment or the first sign that the turnaround has finally begun. Either way, you should be long before the report and if it is another disappointment use any drop to add more. I believe this will be a positive report, even if it is just the forward guidance. If, it does decline after the report, it shouldn't make a new low for the year, but just be a great buying opportunity. I stick to my prediction that IBM will outperform for the quarter and all of next year. BUY. Chartsmaster
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