IBM stock a good buy right now?

[cjchaps]

IBM stock went way down yesterday, and I think it might be a good time to buy it. Any opinions?

Price Today's Change Open Day High Day Low
87.79 0.38 0.43% 88.50 88.52 87.10

About $126 was the 52 week high, and 85 was the $52 week low(yesterday)...

 

[XZeroII]

You should invest all your money in the XZeroII brokerage fund. In just a few short weeks, your worthless money will be converted into valuable brokerage fees. Don't waste your time with places that involve "risK". This is a no risk fund. Hurry because the the longer you wait, the longer it will take to realize financial success!

 

[Nitemare]

Sounds like a buy to me provided you are going to hold onto it for over a year.

It's as blue chip as you can get in the tech sector and it did not lose a huge stock value when all the tech stocks went to hell.

 

[Pliablemoose]

There's a school of thought called contrarian investing, I like that school of thought. During the internet bubble, just about everything went up, no matter what.

Contrarian investing is to do the opposite of what the bulk of investors do, all strategy is predicate on the amount of risk you're willing to take.

The best advice is to not ask for advice on a board like this

 

[dullard]

All stocks are risky.

The goal in the stock market is to buy low and sell high. And IBM is now lower than it has been for quite some time.

Thus IBM is a much much better buy at $85 than it was just last week in the upper $90s. It is up to you to decide if IBM will return to its old glory days or is IBM permanently harmed by the profit warning it gave (the first IBM profit warning since 1991). If IBM bounces back like it always has, you will make a killing by buying it now. If IBM is on a slippery slope downwards, you will lose lots of money.

Your choice.

I think computer sales are permanently lowered for now. Who really feels the need to upgrade their 1.6 GHz machine that they purchased 1 year ago? Heck who really feels the need to upgrade their 1.0 GHz machine they purchased 2 years ago? Most of IBM sales are not personal machines (I think) - but I really feel the server business is also on a permanent decline without the internet boom needing many server purchases. So I don't think IBM will return to $126 anytime soon. However $85 is a good deal compared to the price it has been at.

 

[PlatinumGold]

I'd buy IBM. IBM's business has always been service and their as good as or better than anyone out there. also due to the Enron FIASCO, the Price waterhouse, the Arther Andersons all these major accounting firms w/ Professional services divisions are going to be forced into some major restructuring.

IBM is sitting pretty if you ask me.

edit let me rephrase that, by Service, i mean Professional Services.

Their hardware sales is just to get them in the door to do what they do best to earn money, that's in customization etc.

 

[jhu]

buyer beware. anyway, here're my picks:

1) ibm (ibm)
2) bristol-myer-squibb (bmy)
3) computer associates (ca)
4) ford (f)
5) apple (aapl)
6) amd (amd)

 

[BaliBabyDoc]

Most of IBM sales are not personal machines (I think) - but I really feel the server business is also on a permanent decline without the internet boom needing many server purchases.

Actually, Big Blue is gobbling up a greater share of the shrinking server market. And as noted above their Professional Services unit makes mad money. Personal computers are an afterthought. Assuming there is not a dramatic shift in corporate philosophy (which is very much NOT an IBM characteristic), IBM is a reasonable long term investment. Plus they are one of the few still paying a significant dividend.

 

[tedthebear]

I would buy now because when they announce their earnings they will OF COURSE, beat their lowered estimates, which always causes a buying frenzy. Near the end of that day, you sell!!!
Muhahahahaha!!!

 

[Squisher]

Don't talk about stocks I lost 3 grand today.

 

[DaveSimmons]

<< Don't talk about stocks I lost 3 grand today. >>

which is why I have 100% of my "stocks" money in mutual funds, about 2/3 S&P 500 index, 1/3 mix of worldwide and small-cap. Buy and forget instead of trying to time individual purchases and sales. Buy an S&P 500 index fund (vanguard is the best) and you'll get some IBM as part of the package.

 

[mikebb]

Yes

Wait....... No

Hold on......Maybe

Just because a stock went down doesn't mean it's a bargain. Do some research (and asking for opinions on ATOT doesn't count as research.)

 

[PC166]

Very true stock are unpredictable even company like Intel or AMD could go out of business anytime. Stock is somewhat illegal IMO due to it's gambling nature and just as bad as Las Vegas. They are a sucker for folk that have alot money or are rich. My aunt, parent all of them lost at least half a million put together for the last 5 years or so. At first They made a little, made them happy then the tide turn and they got squashed like a bug! Can you believe it? all your hard earned cash suddenly down the drain. Also if you made money on stock, you will be taxed on percentage just like your income tax which is ridiculous IMO. So either way, you making the government more richer and there is no benefit for the consumer either, other then being a slave to the system.

 

[FelixDeCat]

No!! The stock market is a terrible place to put money right now.