IBM: From $306 to $212 in 7 Days, IBM Won't Go Up More Than 50% to Where It Was at 'Peak Vapourware'
We have made backups of today's comments about IBM in case they get deleted (censored) as many do at thelayoff.com. We're already seeing some familiar trolls trying to interfere with discussions about it.
No matter what they say or how they spin it, the shares of IBM won't be coming "back" (up) because IBM openly acknowledges there's a problem. The next likely thing to happen is a Kyndryl-like probe and/or several "resignations" at the top of the company. Many people prefer not to be in a position to provide answers and explanations.
There's a limit to how much or how long a company can fake its performance and its potential.
Early this morning a few insiders ("traders") cashed in on their "pump-n-dump". Many people know in advance what IBM would communicate and the immediate effect. █
Image source: Kicks