IBM will help power the Dow to a new all-time high in 2013

“The reason is that a man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do. That is why so many men in Wall Street, who are not at all in the sucker class, not even in the third grade, nevertheless lose money. The market does not beat them. They beat themselves, because though they have brains they cannot sit tight. Old Turkey was dead right in doing and saying what he did. He had not only the courage of his convictions but the intelligent patience to sit tight.”

Jesse Livermore -Reminiscences of a Stock Operator

IBM is a stock that I have owned many years, Its a member of the DOW 30 and a true multi national blue chip stock. It was the strength in IBM that partly made me come out with the Dow 14200+ call around 12 months ago. As long as IBM stays strong and pushes to new highs then so will the Dow. Yes it’s had a few months of pause, base building but that is bullish. 25 year chart below. You can spread bet IBM with all spread betting companies including IG Index, Cantor Index, Capital Spreads and City Index. To learn more about trading shares, CFDs, Financial spread betting please go to http://www.winonmarkets.net

 

 

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