Yea, they did really beat.....This is what I dont comprehend, im bearish but it seems to be sell on the news, good news that is. If we do take a dip in the markets I think they will come back even stronger. I noticed many more beating than missing. I think I would buy some IBM on this dip. I had shares at 99.82, sold them for a small profit about 2 weeks ago. So 94 is looking cheap to me.
these markets are really cool. You sell before an announcement, then listen to reasonable results, then wait few more minutes and buy even cheaper: NO RISK ONLY UPSIDE and repeat in 3 months...
Back down below 95. I literally see large blocks being dumped on every spike, and small blocks being bought on the dips. Just like Apple last night.
IBM beat every single number across the board. Amazing to see the stock trade lower. AMAZZZZZING. I would never have thought to see this stock trading lower on such a powerful earnings report. IBM (IBM - commentary - Cramer's Take - Rating) beat Wall Street's expectations for the fourth quarter on both the top and bottom lines late Thursday, but late traders were turning their backs on the stock. In recent after-hours trading, IBM shares were off nearly 4% to $95.66. Big Blue earned $3.54 billion, or $2.31 a share, compared with profit of $2.26, compared with $3.19 billion, or $1.99 a share, a year earlier. On a continuing operations basis, the company earned $2.26 a share, which includes a 6-cent-a-share tax benefit. Excluding the benefit, IBM earned $2.20 a share, beating Thomson Financial analyst estimates of $2.19 a share. IBM's revenue for the three-month period totaled $26.3 billion compared with $24.4 billion for the fourth quarter a year ago. Analysts polled by Thomson Financial had forecast revenue of $25.66 billion. "IBM had a terrific quarter and a good year with record cash performance, profit and EPS, as well as record payouts to shareholders," Samuel Palmisano, IBM chairman, president and chief executive officer, said in a statement. "We are well-positioned in the growth areas of a changing IT industry, focused on our evolving business model, and poised for long-term success for our clients and shareholders." IBM global services revenue hit $12.77 billion, rising from $12 billion in the same quarter 2005. Services signings grew 55% to $17.8 billion, the company said. Software sales totaled $5.65 billion, growing 14% from the same period last year. Hardware, meanwhile, grew to $7.19 billion from $6.9 billion.
I just saw an institution dump 30,000 shares under $24.88. What does that tell you. Booking profits, baby, and no confidence going forward. This market is a friggin' dog.
do you mean that institutions that bought before 1995 are now taking profits on IBM? Sounds plausible...