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Sell On The News - IBM

IBM: more sell on the news…. down 5 percent after the close…earnings and guidance was just not enough, it’s a simple as that. Remember, they were very bullish at the mid point, so the Street got very long IBM, taking the stock up 20 percent in the third quarter.

“Sell the news, following the spike off Intel[earnings],” one tech trader told me.

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