Tenters know that I have been bullish on IBM since I have been here(April 2020). Actually,even before starting to post here.(last three years.) I took short term profits near 150 a few months back and took my eye off the ball when IBM filled the gap around 130-132, two weeks ago. That was the ideal place to add or initiate a position. Since the stock market in general is likely to experience more downside there should be another chance to buy IBM but probably not at those recent lows. IBM’s chart shows a downtrend line since it’s ATH back in 2013. It looks like it will break that fairly soon. There is an analyst day today and earnings are scheduled for October 20th. I believe the analyst day will layout details on the upcoming spinoff of their legacy business but any positives are probably discounted by the last two week’s rally. The earnings can go either way but the company has been making progress in it’s transition. I am looking for an entry point between now and the earnings release or possibly just after the earnings. The price action will determine where to try and get in. Will address that in a future update.