Excellent discussion and on point.
http://video.cnbc.com/gallery/?video=3000497513
5 replies (most recent on top)
Good and true post @Gk6KV0a-ojy
Notice what mr wonderful suggests IBM does at the end of the clip.
Sorry for the second post, In my opinion, the only thing IBM has 'given' me was the availability of the Fidelity site for may 401k. It is a great site. Admittedly I have been a regular and high contributor since its inception (I forget when) but I am now nearly a TDSP millionaire as are most of my peers who all have over 30 years of employment and may or may not be retired. The Fidelity site is available to us as retirees. You cannot do it by filling you head with negativity, you have to believe the world will be here tomorrow and investing will continue the world over as it has for hundreds of years. Rising world population, rising wealth, and a democratic society all work to your advantage. Now as a disgruntled employee is an easy time to see only darkness but with a little work and study with regards to investment you will be able to flap your wings and fly above the smell that is your employer at this time. over and out.
As the poster of 'On The Bright Side' earlier, all I can say is you can lead a horse to water .....you know the rest. We are all full of mistrust, even hate for IBM at this point but give the nature of Fidelity's TDSP site provided for us by IBM is would be a shame not to get at least a bit even by riding the stock up. You can trade in and out every 30 days, no penalty. Again, the stock has gone from 117 to 140 in a month. IBM will not stop firing and cutting as its primary mission as is any corporation's is to increase shareholder value. I am not saying buy IBM and fall in love and never sell, I'm saying do the smart thing though it may seem counter intuitive. I did and now am well up from the purchase price and have my finger on the sell trigger depending on IBM and world news.
Your post is too funny. CNBC has set the record for bringing out one expert after the another trying to get people to buy the market, while the smart money has been selling the rally
Jill Hall from BofA released a report today where she described the three groups that make up her so-called "smart money" basket -- hedge funds, BofA's institutional clients as well its private clients -- had been selling aggressively every week for the prior five. As she explained on March 1, "last week, during which the S&P 500 climbed 1.6%, BofAML clients were net sellers of US stocks for the fifth consecutive week, in the amount of $1.5bn. This was the biggest weekly outflow since mid-December."
Someone clearly was very grateful for the selling opportunity provided by the recent short squeeze.