— 10/17 – Signal:  EXIT:  +8.32% Profit

Our IBM short trade was right on the money.  The signal came at the top of the current down trend and 2 weeks before IBM announced dismal earnings after market close yesterday causing the stock to plummet 6% in after hours trading.

 

–9/26/2013

Symbol: IBM (NYSE)

Signal:  SHORT

New SHORT signal on IBM, which has reached the top of a large triangle on the daily time period.  We are noticing sell signals on a number of IT services companies, but this one was the strongest.  Profitable trading pattern goes back to 3/09/13.

Related analysis supporting position:

http://seekingalpha.com/article/1664972-ibm-continued-struggles-in-the-cloud

http://seekingalpha.com/article/1628672-is-warren-buffetts-favorite-ibm-really-underperforming