Even IBM's own pension fund managers are selling-off IBM stock! Talk about lost confidence, geeeeeez. . .
"International Business Machines’ pension fund recently took a merciless axe to its equities portfolio in the last quarter, and not even its parent was spared.
IBM (ticker: IBM) Retirement Fund chopped down holdings in its company’s stock to 12,451 shares as of March 31 from 82,802 on Dec. 31."
http://www.barrons.com/articles/not-just-buffett-ibm-unit-sells-ibm-wells-fargo-1494590407?mod=BOLFeed&tesla=y