Peter B has called this worthless 125 million dollars worth are being given away what else is there to say?
(Pulling hair out). Ugh. A tough market temporarily for premium sellers. With VIX caving in dramatically off of its late December greater-than-35 highs, premium selling is the old gray mare that (temporarily) just ain't what it used to be. That being said, there are a couple of potential earnings plays to be had next week: IBM (68/31; Tuesday after market...
Looks like the IBM shows us a bearish rising wedge. Definitely something to look out for, let's keep an eye on it if it works and if yes how much drop we could expect. For now I expect some pullback to a support at approximately 115$. Since I'm still learning I'm not trading this. If you feel the same give me some feedback I'm glad to hear from you guys! Give a...
Looks like the computerz are melting the market up again. I expect IBM to work its way back to $125 before earnings. I'm buying puts before earnings. Has their business improved much in the last 3 months? I doubt it considering the rate increase and stock market tanking. Companies aren't going to increase spending when things are tanking.
IBM usually bounces up twice before setting a new low. Bought various puts after SPX gap close this morning, decided to keep this one for another week. Target is $112. If you want to get greedy, $105 marks the double bottom, from Jan 2016, would recommend Jan puts. Balance sheet already looks like crap, and they're going to overpay for RHT? Not even sure how...
IBM 5 WEEK SYMMETRICAL TRIANGLE REVERSAL PATTERN FORMED, AND BREAKOUT HAPPENED. PROFIT TARGET: 134 STOP LOSS: 123
IBM just tested 121.9, which is a daily level from back in 2010, having lost this level yesterday. It's in a downward wedge at the moment, likely to bounce off the top of the wedge or the level and come back down.
AT40 = 17.3% of stocks are trading above their respective 40-day moving averages (DMAs) – 10th day of oversold period following 4-day oversold period AT200 = 29.5% of stocks are trading above their respective 200DMAs VIX = 23.4 Short-term Trading Call: bullish Commentary The small bullish divergence to start the week received follow-through in the form of a big...
Every time the monthly RSI has dropped to todays levels over the last 16 years we have seen a rally. With a retrace of even the smallest run here (39.55%) we could expect a price target of 170. In consideration with the RHT acquisition this could be significantly higher. I don't usually chart off RSI alone so this is purely speculation. I'm not looking to trade...
Dear Traders, IBM has struck a deal to acquire cloud software company Red Hat for $34 billion. IBM will pay $190 per share for the software company, which it described as the world’s leading provider of open source cloud software, a more than 60% premium to Red Hat’s closing stock price of $116.68 on Friday. Shares traded upwards of $175 in June, but...
Folks, Fake News has Micron Bankrupt while other companies that depend on Micron products, Microsoft, Apple, Google, Amazon, Facebook, Twitter, Data Storage Services, in fact, the entire Technological Infrastructure depends on Memory and Storage to work so if Micron sales are forecast to sink by FAKE NEWS, the entire technology industry will crash with it...
The correction since March 2017 at IBM could be close to completion and reach a run-up to at least $ 178 if this movement instead of a wave 3 is only a wave (C). That would be a whopping 24% margin. A run-up through the turnaround range is supported by 61.8% of the previous wave (A) / 1. There is a nice divergence in the RSI and MACD which confirm a trend change...
Will their world wire payment system using stellar protocol prove to be a winner?
IBM was very stretched at the Warning-Line 1 and is now seeking balance. So we go from extreme back to balance. It doesn't matter how you call it....Mean-Reversion, Action/Reaction or even manipulation... What count's is, that we have knowledge and rules at hand, which provide high probability trades in REAL live, not just in demo or on backtests. Check out my...