IBM has just seen 20 quarters of falling revenue. The market has been somewhat understanding as the company goes through the transition. Many lost patience on April 18th when the Q1 earnings failed to stop the decline, and the next day the stock dropped $9. Badabam!
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The only thing that could turn the tide is a new CEO from outside this company. A real Tech guy that actually understands the business IBM is in!
WOW, If it breaks below 150, I can see it heading down to the 120's... That will surely get some attention... Lucky me I can sit on the beach and watch the Titanic...
And, there will be 20 more... Nothing can turn the tide...