On the bright side IBM shares have gone from 117 to 140 in a month. May as well take all your TDSP and put it on IBM shares and make a bundle that way. Warren Buffett has over 10 percent of IBM stock and is holding on. Ginny will reward Warren. Hold your nose and take the ride even though you hate the operator. Worth thinking about anyway. Don't shoot me I'm just the messenger.
18 replies (most recent on top)
Yo, Adrienne
This is pure gold bro
Flap your wing and fly above the anger
Well if thousands and thousands of people are miserable and angry and poor then I will continue to do what they don't!
Rest assured and learn as soon as possible that Buffett and Ginny are both smarter than probably everyone on this site. Flap your wing and fly above the anger. There is a beautiful world with endless opportunities. Some of them, like making a home run trading IBM short term is particularly satisfying.
You do not have to over-analyze this - just look at this board - LAYOFFS.com - come on man.... There are 100s of messages here, 1000s of replies, this darn thread has a 1000 views and a dozen replies so far.
All this tells you where this company is headed - just checked Google and Apple here, they have two or three messages, that's the future. IBM, it's all over, the employee morale is so low it's not even funny any more.
@Gi5Cux3-9njn - I am a 22 year veteran and I agree with your post - you can play IBM stock if you understand the company.... Now, all anger that I see on this board, does not make me warm and fuzzy about future, but that aside, you can still play the stock....
Well IBM at 145 today, just put my sell order in for tomorrow close of business. Made about 12 percent on my TDSP just by switching it into IBM and now I am switching out. Don't want to get greedy. Don't get mad get even.
Don't be filled with hate, learn how the market works and take advantage.
Someone replied to my post with
OK, Buffet - good for him, he'll jack up the price and bail. Watch my words.
Watch for yourself ....The stock just went up 27 dollars...how much did you invest, Zero, how much did you gain , Zero.
PS...don't buy now. Wait till it falls again. There are so many people out there that think IBM is going to do well that you will be able to ride this cycle a few more times. Get back in when market comes down again. You can make more doing this simple crap than IBM will ever pay you.
@Gi5Cux3-2ycp you, like the financial analysts out there, are only looking at the numbers. As well you have your perspective in doing some cloud work. But ignoring the fact that the vast majority of the workforce is now demoralized and hating on the company, and the company has irreparably damaged its reputation with its customers and the industry analysts and pundits out there. The executive team is looting the ship on the way down. I don't care how much cloud work there is (and there are far better options than IBM for that), these are factors that far overshadow what you said. I wouldn't hold one share of this stock, even for a day. If the big execs are selling theirs by the bushel, what does that tell you? The highly touted dividend is being propped up by massive debt and buybacks, something they are at the end of the road with. They are so desperate for cash they are patent trolling and suing Groupon and selling off assets like the Lenovo stock. This is definitely a very sick dinosaur.
@Gi5Cux3-1jcm On the consulting side, at least here in the US, the pipeline looks pretty healthy. We are working like crazy to develop a cloud and services portfolio that we'll bundle with consulting, if this works out (and works just fine for Accenture right now) we'll be extending the longevity of GBS for a decade or two. What happens after that, who knows, but if we execute on the plan, we'll be fine in this area.
Outsourcing, both tech and bus process, is still making money big time - this will continue to be a cash cow, a predicable cash cow.
We have challenges on the software side, we'll see how that will play out, there was a ton of acquisitions and we are moving in the right direction - it'll be very hard though.
In summary, when evaluating IBM from the financial perspective, I would be very careful - I would go on a limb here and say that if you want to do a long term play, IBM may make sense - keep in mind that with a 4% dividend, you can compound very quickly.
I am in my late 60s and I have no horse in this race, but wanted to share my two cents nonetheless.
I think you would have to be insane to own this stock, or worse, buy it now while it's on another very temporary spike up. Warren Buffet's situation is different. Read the post "IBM is sick" for a pretty good synopsis. This company is sick and rotten in the core. They have nothing going on inside. R&D is dead, chasing not following trends, trying to catch up with acquisitions and then cobble together stuff that doesn't integrate well, extremely demoralized employees, etc. It's a wasteland, and I'm speaking from direct knowledge because I'm inside and still touching on many different areas inside of IBM in my job. The revenue has gone down 15 straight quarters for a reason. They have nothing to offer, customers know this now and are bailing out of their long term contracts as they expire, in droves. The sales pipeline is virtually empty. They are resorting to trying to patent troll for any type of revenue and selling off assets (Lenovo stock) and dumping employees overboard. They are close to the end. You would have to be very dumb to buy this stock (or follow trends, or follow Buffet, who is now acknowledging this could have been a very big mistake, buying IBM stock...)
Worked at three different companies before coming to IBM. Left each of them for various reasons, seeing a lot of the same characteristics that I now see at IBM. Each of these companies' stock tanked a short time after I left ... so my advice is to sell your IBM stock ... it is going to tank as I will be leaving very soon. Will be dumping all of my shares very soon.
Be careful trying to outsmart the market, it is a very unforgiving place. Warren Buffett can hold on to the stock for many years and ride out the ups and downs because he doesn't need the money. I just can't wrap my head around investing short term or long term in a company that blew the lead they once had in their traditional lines of business that they supposedly understood very well and is now force to fight for their very survival by adopting a set of technologies they hardly understand (i.e., The Strategic Imperatives). IBM's long term future is based on creating a whole new line of business , convincing a lot of smart people that they just can't do without this new service and dominating this area with monopoly like power. That is the challenge for Watson and the Data Analytics services. Good luck with that and your investment in the IBM stock.
Who cares if IBM is here in 2, 5,,or 10 years.
I care, I've invested 15 years here...
Anonymous said......OK, Buffet - good for him, he'll jack up the price and bail. Watch my words.
Thats the point...be like Buffet. Who cares if IBM is here in 2, 5,,or 10 years.
I bet ur right but ibm already castrated most employees and they can't run with the bulls
Koolaid
OK, Buffet - good for him, he'll jack up the price and bail. Watch my words.
Really? You're not serious?