Replies to post #203595 on SwingTrade Member Forum (SWING)

[SilverSurfer]

TRTN 1.10 - 0.10 red (8.33%)
my stock 0.1170 + 0.0070 green 6.36%

[Wizard]

After I finally sell the last of my IBM, which will be next year for tax reasons, I don't think I'll ever buy it again. Brig would understand.

[fastlizzy]

BAC earnings should hit a home run tomorrow.....

or so they say!

[bird_splitter]

Any idea how currency exchanges helped IBM? I haven't had a chance to review the numbers...

[Wizard]

Nice take on tech stocks. By the way, the actual number is 16,000 (not 10,000) - just in the US alone.

http://gigaom.com/2009/07/18/a-tech-recovery-or-wishful-thinking/

"IBM not only spent $1.7 billion last quarter to buy back shares of its stock, but so far this year it’s laid off 10,000 of its workers. Layoffs are a brutal if effective way to weather a recession, but to say that IBM has turned a corner simply because it’s cutting costs faster than its revenue is falling doesn’t make sense.

I don’t mean to belittle what these companies have accomplished in the recession. But there is a sense among some investors and financial publications that a corner is being turned. It’s too early to start popping corks from champagne bottles. For that, we’ll need to wait until up once again looks like up."