IBM Common Stock Down to About $250, It Was at $330 Just 17 Days Ago
IBM cannot keep it up, not even with Cramer et al.
IBM's "value" was 'shaved off'; It was nearly a third - or more than a quarter - higher just earlier this month.
IBM was not always this volatile, but now it relies on vapourware or a cycle of false claims. This was 3 days ago:
"The casino operators at IBM put the cheerleaders on PIP for having failed to keep the stock price above $300," somebody commented hours ago. Now it is near $250.
A PIP means silent layoffs, sort of. HR trickery.
"Your failure to meet the PIP was determined the same day PIP was written," someone said. "I won't count on a single day after PIP ends as by that day for cause termination objective has been met."
At 115, IBM receives much scorn. It's a zombie that still floats, based on accounting tricks and complicit (paid) media. Microsoft Lunduke wrote: "Wow! 115 years old! Happy birthday IBM! Hey! Remember that time when one of your biggest clients, Adolf Hitler, was using your products and services to murder millions and run concentration camps? And remember how you continued doing business with Hitler, after the USA entered WWII, but you hid the money Hitler gave you in Swiss bank accounts? And Hitler appreciated your help so much that he gave your CEO a medal? Reminiscing on birthdays is fun!"