The IBM stock price has plunged 20% since the beginning of the year.
It's up almost 10% today after the upbeat earning results. Since August this year, the stocks have trimmed almost 1/2 of its losses. The reversal is quite impressive.
However, has IBM turned the corner? With rising debt, falling margins, declining sales and earnings growth for the past 5 years, is it time to buy IBM?
Currently, I am obsessed with S&P 500 and UVXY. No one can time the market, yet some indicator divergence signal a warning.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment