Look at this BS, declining revenue and it still goes up.
In any case, I'm not shorting it here just because MSFT is reporting tonight. they always beat which means the Dow will gap up and take IBM with it. Don't really need to open a short position on a Friday, I think I'll reassess this on Monday.
Overbought with huge divergence.
In any case, I'm not shorting it here just because MSFT is reporting tonight. they always beat which means the Dow will gap up and take IBM with it. Don't really need to open a short position on a Friday, I think I'll reassess this on Monday.
Overbought with huge divergence.
Comment:
Remember folks, IBM trades with Dow futures, wait for the pumptardedness to subside before shorting. Looks to me that it'll hit my target tomorrow or Monday, but I'm not shorting anything until next Tuesday.
Comment:
LOL, hit my target. Looks like it's melting up on a short squeeze, never play a crowded game.
Trade active:
Bought 7/26 $150 puts, small position. SHort squeeze appears to be over.
Comment:
This will gap in the direction of Dow futures Monday. At this point I'm expecting a gap down, and a reversal Monday afternoon. If it gaps up, this will probably form a H&S and go down anyways.
In any case, I plan to exit the trade either Monday or Tuesday.
In any case, I plan to exit the trade either Monday or Tuesday.
Trade closed manually:
Just waffling around...
Out with a small profit, gonna look at other stuff.
Out with a small profit, gonna look at other stuff.