Due to the downgrade of IBM this morning by Goldman Sachs IBM shares will be going on sale today. In my opinion on July 17th when IBM releases its earnings they will surprise to the upside and the growth forecast will also be positive. I plan on adding to my August $195.00 calls today which I purchased during the week of June 27th when IBM had a big drop. Seems to me that Goldman Sachs has a history of downgrading certain Companies days before the earnings are going to be released and low and behold the stocks of these companies beat and also release positive statements about the future and of course the stock pops up big time. Thank you Goldman.
Disclosure: I am long IBM.