IBM poised for new low?IBM usually bounces up twice before setting a new low. Bought various puts after SPX gap close this morning, decided to keep this one for another week. Target is $112.
If you want to get greedy, $105 marks the double bottom, from Jan 2016, would recommend Jan puts.
Balance sheet already looks like crap, and they're going to overpay for RHT? Not even sure how they're going to come up with $34B in CASH, but way over payment for a company trading at over 60x P/E. If they go through with it, say goodbye to dividends. I bet they nix the deal in January, and the stock goes back up. Of course, they'll get sued though.