Friday, August 5, 2011

Trade Update: IBM

IBM has come down to within pennies of it's 100 day moving average. We don't want to add to our short until we are at least a dollar under it. The 100 dma provided support in March and again in June. So, this is no time to get careless.

Our cost basis in IBM is $176.49, lets move the stop down to $169.79.

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