AI
Thursday, April 03, 2003 12:50:01 AM
IBM day April 14 some "Anticipatory Upswing"
Although I wouldn't ordinarily give this "rally" legs all the way until 14th, "anticipatory upswing" might continue in earnest for IBM. If this moves up on uptrending market internals, we might consider the APRIL 85 CALLS (cheap at about $1.05) for at least as close to earnings as possible. This will depend on more than charts as the war has given us another "indicator" with which to deal. We have to start somewhere and I'm not sure its a coincidence that IBM is reporting on April 14, enough for upside for the week?? I was long IBM for swing long the last "rally" seems the time might be ripe for another swing.
Although I wouldn't ordinarily give this "rally" legs all the way until 14th, "anticipatory upswing" might continue in earnest for IBM. If this moves up on uptrending market internals, we might consider the APRIL 85 CALLS (cheap at about $1.05) for at least as close to earnings as possible. This will depend on more than charts as the war has given us another "indicator" with which to deal. We have to start somewhere and I'm not sure its a coincidence that IBM is reporting on April 14, enough for upside for the week?? I was long IBM for swing long the last "rally" seems the time might be ripe for another swing.
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