Summary
Seeking Alpha contributor Julian Lin wrote recently that IBM was a "strong sell" with a 33% downside.
In the event that drawdown comes to pass, I show a couple of ways bullish IBM shareholders can stay long while limiting their risk.
I also present my own site's current take on IBM.
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An IBM computer in the console of the Pan American space plane helps its pilot dock at the space station in 2001: A Space Odyssey (1968). Image via I Like Interfaces.
33% Downside For IBM?
Could shares of IBM (IBM) drop by a third? That was the downside Seeking Alpha contributor Julian Lin saw for it, as he rated the company a "strong sell" based in part on its debt levels and the credit downgrades he anticipates. If you're long IBM, and still bullish on it, but want to add some downside protection here in the event Julian Lin ends up being proved right over the next several months, I present a couple of ways you can do that below. Following that, I detail my own site's current take on IBM.
