Friday, January 12, 2007


Here is a weekly chart of IBM. I last commented on this stock here.

I think IBM will go a little higher than my current target of 99. My best guess is about the 106 level but if the bull really gets the bit between its teeth we may well see the 2 and 1/8 multiple of the 2002 low of 54.01 which stands at 115.

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