hungry_hippo

IBM earnings AH tomorrow

NYSE:IBM   INTERNATIONAL BUS MACH CORP
POS filled the gap from the previous earnings , will more than likely suck again.

Not playing this one, do your own DD . Just wanted to remind followers of earnings report. Got a feeling NFLX and IBM will tank futures tomorrow after market close.

Comment: Beat on profit missed on revenue. Looks like it's going to gap up, but I won; be surprised if it reversed tomorrow and heads down to close the gap like it did last year.

Not a strong beat by any means.
Comment: Already negative AH now. Will probably close the gap tomorrow though.
I been in this game a long time. In 1993 a good friend told me to pick up some of Big Blue for around 50 bucks. Adjusted for two 2:1 splits in 1997 and 1999, that's around $12 for current shares. He bought 200 shares for $10k. I remember when it advanced to $100 in 1996 I advised him to sell it; "Dude you doubled your money!" He said; "Yeah dude, but it's safe in my closet, man. Maybe when I need to pay for my kid to go to college."

You see, in the olden days, we actually bought printed share certificates and you could put them in safe deposits or a file folder in your closet, or you broker would hold them in your account, but then you might be tempted to sell it too soon... I thought he woulda sold it for $220 last year, but no; "Dude; it's safe in my closet, call me when it goes over $500."

I called my pal this weekend, and mentioned it stood at $142, had been over $200. "Yeah, I know dude, but it's safe in my closet. And my kid's not ready for college yet.

So when I think about all the crazy market timing and speculative trading we are doing to pick up dimes in front of the bulldozer, I think about the 200 (now 600) shares in my buddy's closet.

https://financhill.com/blog/investing/ibm-stock-split-history

BTW, he bought 200 Pepsico for 30 bucks in 1991. I also bought it and was ecstatic to sell mine for 40 bucks in 1992. He still has the shares in his closet, filed with the IBMs. It split 2:1 in 1996, at current valuation of $130 >$260 it's not quite a ten-banger, yet.

https://www.macrotrends.net/stocks/charts/PEP/pepsico/stock-splits

Take home message: I'd been better off just buying the paper to line my closet and forget about day trading and market timing.

Next bear market just gonna line the closet and go fishing for ten years.

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