Earnings were basically in-line with estimates but investors expected a lot more. The shares sold lower today. I am out to January 2022 with this trade and I would own these shares if assigned. I think bottom for the stock is back to $110 but they have a huge cash moat and if they would cut the dividend a bit, that would help boost the stock. At any rate IBM is not going out of business.
I setup this trade in IBM Stock. Make sure to read the full trade article to understand the setup and protection being used in the trade.
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IBM Stock – 8th Trade Alert and Idea for Thu Oct 21 2021
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted. Read the full disclaimer
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