No. of Recommendations: 5
"I'm not buying the drop, but I am sniffing around. I'd rather buy IBM than Micron."
I own both, lol. I own MU based on momentum, and IBM based on fundamentals. These days, I assume either one is vulnerable to a sharp drop, though I would have bet it would be MU rather than IBM. I could understand a continued decline in IBM, but 25% in one day seems like an overreaction. As you note, IBM is well-run and is very solid in a great many growing markets. But I have been wrong before, and if the deferred business does not materialize, I will reassess.
abromber
