I would think that we are still in a downtrend. However, I believe there is a buy here as we are deeply oversold on a long term basis.
There are fundamental differences between GE and IBM: IBM has always been cash flow positive, the only problem is their traditional businesses are shrinking so unless they find something to grow, their revenue will keep going down. I think they found tractions in cloud, blockchain and AI but it takes time to develop. GE has been cash flow negative for a long time and resorts to selling assets to fund capex, dividends and stock buyback.... Perhaps you have a better assessment? Thanks.
Yes. It's a long term buy and hold. It's one where you would only be committing 2 percent or less of Total Liquid Net Worth to the position. Certainly not a trading vehicle. I stand by my assertion that a buy in the upper 18's would be ok. Risk management is all we have in this business. Note---I do not own GE
Don't worry. When IBM finally comes out with flying cars, it will shoot to the moon where flying cars will go. Go long (no, not really. I have no idea. All I know of IBM these days apart from their Desktar HDs (which were good but then sucked) is the Lenovo acquisition thing. Bleh.)
It's just not a tradeable thing. It's long term buy and hold with small position. ---If we were in an uptrend, position could be made larger with stop outs.