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BabushkaTrader
Nov 10, 2014 7:02 PM

We go long IBM if we break the balance.  Long

International Business Machines CorporationNYSE

Description

IBM looks oversold and is forming a balance. Bad news yielded a large gap and I believe we have a potential of closing it.

The stock is one of Warren Buffets darlings which he acquired in the 170s range several years ago.

It is a very large position in his portfolio so would look to Berkshire adding as well as other value investors.
Comments
BabushkaTrader
No position still in balance.
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