Exciting times at IBM!
https://www.elliottwave.com/Trading/IBM-Stock-Goes-from-Worst-to-BEST-Tech-Performer-in-7-Months-Can-You-Keep-Up
14 replies (most recent on top)
Junk stock , pump and jump as the exec’s get rid of there shares lol , IBM days are numbered
This is a total pump and dump scheme. Guaranteed.
The smart person would buy now and short after Q2 earnings.
Still - comparing IBM to the top 4 or 5 growth stocks is just silly. "If you're not first, you're last!" ...get over it. It's ok to be 2nd, 4th, or even 50th. What are we telling our children when you're only good if you're at the top? IBM may not be impressive a growth stock - for one, because it isn't a growth stock - but remember they're still raking in huge amounts of profit each year ($13B+). In fact, they are making more money on less and less revenue which in itself is pretty hard to do. Personally, I feel IBM has made tremendous mistakes in the last 2 decades, that have cost massive opportunity for profit. In return that profit went to MS, AWS. Don't forget the $13B in profit each year. Not all companies get to claim that kind of success.
@1qxf is correct. IBM stock is now at where it was in 2010 and only $20 higher than it was in 1999. I fully expect it to be back to $125 later this year.
Pump b4 2q dump
Circa 2009 was the start of the greatest bull market in history, and it was led by technology stocks. Yet our previous CEO found a way to swim against this mighty current and quarter by quarter, year after year, revenues fell, RAs were executed, and the stock price sank. The current price is similar to price when previous CEO finally announced retirement and shareholders received a temporary new CEO bump. Cherry picking a time frame when a companies' stock performed well is for amateurs. Run a stock price chart of last 10 years comparing IBM with your favorite tech stocks - ACN, MSFT, NVDA, AMD, AAPL, GOOGL, AMZN, ORCL, whatever. Not pretty. Now MSFT's Satya Nadella made historic turn around after replacing the Bumbling Ballmer, so it can be done, but seems like a tougher climb for IBM.
StockJury.com/ibm
Comment on ibm stocking
Stock price is not the measure of success that will keep IBM alive. Fooling investors is one thing. Producing useful products people will buy is another.
Bluebird:
I can't believe this is the same stock
The Wolf:
Well, let's not start sucking each other's dinks just yet.
A little PF to keep things in perspective
Let’s wait and see what the Q2 results look like…
OK, maybe not Tesla, but the article calls out :
"outperformed stock of cloud czars Microsoft, Apple, and Amazon."
From 2020 bottom to today :
IBM - $95 to $150 - 57%
Microsoft - $137 to $253 - 85%
Apple - $57 to $127 - 122%
Amazon - $1785 to $3281 - 83%
So article is blowing smoke I'd say.
While you make a point I'm not sure comparing IBM to Tesla is fair. Everyone has this whole "if you're not first, you're last!" approach to business nowadays. Reality is mostly in-between.
Lol lot of stocks went from march lows to double triple and even split.
Is this even reputed website?
I'm not sure I buy that. Quick spot check of the charts
At the bottom in 2020, IBM was around $95 and is now $150. So approx 50%.
Tesla over same period went from $85 to $601 today... So over 600%.