Today isn’t going to be my day.. tomorrow either

What’s with IBM ruining the down market with some sort of crap? Anyone really realize that IBM is just taking the opportunity to buy back stock that is lower than before because of actual reasons? I’m not sure if anyone is paying close enough attention here, and I’m starting to be pissed about it.

Let me just say that seeing JCP up almost 4% is really likely to force me giving an attack award to another blogger (BTW Richard, nice MySpace account).

BIDU was down pretty well this morning, but IBM ruined that.

GRMN was down decent too, again, IBM screwed that up.

RIMM? Same as above (was down, now not).

I’m holding these positions for now, basing my expectation for stock directions on the true direction of the market which is downward. IBM won’t be able to save the market tomorrow, and Ben and company aren’t going to help out.

The DJI might finish upwards of 200 points today, but bounces are only here to prove the true direction, at least for a little while.

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Posted By: Michael

News Category: BIDU, GRMN, JCP, RIMM

 

 

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