||COM STK USD0.20
||EPS - Basic
||Market Cap (m)
|Software & Computer Services
|IBM Daily Update: IBM is listed in the Software & Computer Services sector of the London Stock Exchange with ticker IBM. The last closing price for IBM was US$163.78.|
IBM has a 4 week average price of US$163.78 and a 12 week average price of US$163.78.
The 1 year high share price is US$163.78 while the 1 year low share price is currently US$0.
There are currently 1,484,822,473 shares in issue and the average daily traded volume is 1,242 shares. The market capitalisation of IBM is £243,184,224,627.94.
Sorry for my vague statements, but my main reason to short this stock is due to a well informed source who knows IBM have problems that have yet to come to the fore. I'm holding this stock for a few months so I will be able to handle any short-term rally in the share price.
The key lies in IBM's sales figures. They are not what they seem to appear on the surface. Any revision to sale figures and forecasts will cause this stock to fall below $60 quite quickly.
I had shorted JP Morgan since May when I was told they had severe leverage pressures building up due to their gigantic derivatives exposure. I'm pretty sure the news about IBM will be proved right in the coming months.
From a chart perspective, the trend is DOWN since the start of the year. I see that continuing punctuated by rallies in between.|
|vs: big vern,
while I would think IBM have done whatever they can to flatter their accounts in previous years (which corporation wouldn't, if executive pay is linked to share price), to suggest that they are another Worldcom is rather laughable.
How many Worldcom products/services are you aware of? And how many sites/assets did they have across the world? Ask the same questions of IBM, and the results are rather more visible.
IBM has led the world-wide patent filings list for a number of years and although though this is no guarantee of future revenues or profits, one can expect them and the technology they are involved in to be around for a few more years.|
IBM share price data is direct from the London Stock Exchange