IBM the Next Bear Stearns
Cramer said buy IBM less than a day before it cratered.

Founded in 1923, the company just suddenly collapsed after Cramer had urged people to buy its shares.

IBM sceptics are having a field day today [1, 2, 3] and Red Hat workers need to brush up their resumes ASAP. "Don't be surprised if [IBM CEO] Arvind announces he's retiring at year end later this month." So said a new comment. "So all the quantum and sub 1nm news was just bullsh-t?" said another.
Yes, and the media acted as an enabler of pump and dump. It is still doing that.
IBM is collapsing. The comments above explain why (about 70 comments so far; some are very insightful). This is only the beginning. IBM cannot recover if all it has to show is vapourware. █
Image source: Kicks
