Blue Skies Ahead For Big Blue
Today, Tuesday Feb. 16th is the ideal time to Buy IBM. Of course if you took my advice in my last IBM post(some sceptics scoffed) you not only got IBM between 117-118, BUT you will also be receiving the latest $1.63 quarterly dividend soon.(went x last Tues) I expect the small gap around 120 to be filled today, and my target to add to my position is 119.25. Again, as was pointed out in the previous post, not only will you be receiving 5.5+% on your investment, the chart says IBM is heading higher and soon. Between another small dividend increase in April, positive earnings coming as soon as this next quarterly report, the spinoff of their legacy service business later this year and who knows what other catalysts in the future, the institutional investment community will soon be tripping over one another to buy and upgrade IBM. Best income, combined with solid steady progress in their future growth initiatives, compared to any large cap yield play.