We go long IBM if we break the balance.
IBM looks oversold and is forming a balance. Bad news yielded a large gap and I believe we have a potential of closing it.
The stock is one of Warren Buffets darlings which he acquired in the 170s range several years ago.
It is a very large position in his portfolio so would look to Berkshire adding as well as other value investors.
The stock is one of Warren Buffets darlings which he acquired in the 170s range several years ago.
It is a very large position in his portfolio so would look to Berkshire adding as well as other value investors.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.