International Business M... Share Discussion Threads

[byrdsong] 18/6/2002 06:44

tony the most powerful rallies occur in bear mkts.

[tonyjackson@ireland.] 18/6/2002 06:43

Is it possible that last week saw the final capitulation?Nobody rings a bell at the bottom.I got up yesterday looking forward to real good shorting opportunities on the rally,but it's getting scary.Remember how fast it can move once it turns.If ever there was a time for stoplosses this is it!

[spectoacc] 18/6/2002 06:43

Morning ladies and gents. Media surprisingly negative - BBC pointedly describing yesterday as a dcb.

[byrdsong] 18/6/2002 06:43

Morning all short phs rat Have a good day all.

[dead cat bounce] 16/6/2002 20:32

LC - just as a matter of interest, what time frame charts do you mostly use for US stocks? regards J

[scripophilist] 16/6/2002 14:05

I'll take my lead from Mr Euro.

[mr euro] 16/6/2002 10:47

What a strange sense of humour!

[gbh] 16/6/2002 10:12

I have heard this is going to go down cos no one is buying their typewriters. We all have computers now.

[limpsfield chartist] 14/6/2002 15:00

FSe I reckon it's too early too tell at the moment - I don't think the weakness is finished yet. The way I have been trading it all year is, mainly with USA stocks, buying the good charty uptrend stuff and selling the good downtrend stuff. So I have had a balance all year of just about 50% long and short and has worked very well. I do think a retest of September lows is on the cards - I don't think we are going to see a quick recovery. If this happens all my longs will gradually get stopped and my shorts should clock it in. If I am wrong then vice versa. But I think after a week like we have had, I don't see a sudden U Turn in sentiment and off to the races next week. Time will tell

[limpsfield chartist] 14/6/2002 14:53

FSE - Oh I am short the bad stuff too - like MU - best short so far this year and still falling. But by my criteria, the chart for IBM looks bad at the moment too so it's gotta be done.....

[fse] 14/6/2002 14:49

Limpy.... why not short the bad stuff though rather than the good stuff ? thats all i am saying !

[2deano] 14/6/2002 14:28

Jazza wrote: "It takes a really clued-up or stupid analyst to upgrade" Or one that needs to 'puff up' the stock. A cynic? Me? Yes. Regards.

[limpsfield chartist] 14/6/2002 14:19

Dil lmao re Energis - true too, I had forgotten.

[dil] 14/6/2002 14:11

Will you lot stop talking fundamentals please. Limpy probably thinks these are an electricty company like Energis. :-) Dil

[deltablues] 14/6/2002 10:56

Indeed. Replace IBM with ORCL or AOL and a lot of the comments on this thread could easily have been made two years ago. For some reason - I don't know whether it's accounting worries, fear of anything to do with tech, or violent objection to the CEO's choice in ties - but the big boys don't want to hold this one. Until something happens to make them change their minds, the fundamentals are irrelevant.

[limpsfield chartist] 14/6/2002 09:45

If the last three years have taught us anything, it's that share prices can often become extremely detached from sensible valuations, both ways. I don't dispute IBM as a quality company but if the market wants to hammer the good stuff with the bad, and throw up nice low risk shorts, far be it from me to argue.

[fse] 14/6/2002 09:41

Yo Dil... there are better opportunities to short OK... surely.... mysources would indicate that a lot of IBM business is seeing solid growth... IBM is morphing .... IBM is a company I study and am presently not invested in but will return to very soon as soon as this end of the world panic and hysteria abates...

[jazza] 14/6/2002 07:31

Dil, A clueless analyst would be cutting estimates in the current climate - just to be safe. It takes a really clued-up or stupid analyst to upgrade. Regards, Justin.

[treblewide] 14/6/2002 07:16

Mark my words folks business is on the up. I work in Scotland in the first quarter IBM did 45k worth of P-Series business (an absoloute disaster) this quarter so far there have been over 5 Miliion. The same is happening with software (which we all know is big margin) Treble

[mr euro] 14/6/2002 07:11

Hi mate, It isn't just analysts telling you business is picking up is it? OK treblewide doesn't work directly for IBM but he works in a channel for IBM kit. As for the other parts of the company................. :-)

[dil] 13/6/2002 22:50

Jazza I agree , looking at the fundamentals its a raging buy but all too often analysts have got about as much idea as your local GP has on how a company is performing. Dil

[jazza] 13/6/2002 22:36

Dil, It's simple, some bits are doing better than others. IBM are cutting staff in the bits that aren't doing so well. The SG Cowen upgrade suggests a forward P/E of 17 falling to 14 with growth of 20% from 2002 to 2003 and a PEG of 0.85. On fundamentals that is a bargain for a blue-chip company, but the market ain't trading fundamentals...

[dil] 13/6/2002 20:36

I'm daft :-)