Wednesday, August 6, 2008

Big Blue Moving, Grooving

From thestreet.com 8/6/08

At the end of the trading day, I usually spend a few minutes paging through stock and commodity charts. Occasionally, something jumps out at me. Yesterday I was scanning the usual suspects: Goldman(GS - Cramer's Take - Stockpickr), Chevron(CVX - Cramer's Take - Stockpickr), Apple (AAPL - Cramer's Take - Stockpickr), Research In Motion (RIMM - Cramer's Take - Stockpickr), steel, Chesapeake Energy(CHK - Cramer's Take - Stockpickr), oil, gold, dollar, corn, International Business Machines(IBM - Cramer's Take - Stockpickr), Morgan Stanley (MS - Cramer's Take - Stockpickr), Norfolk Southern(NSC - Cramer's Take - Stockpickr) ... wait a minute, go back ... IBM.
I know the green flags were waving all day in tech of all forms -- consumer tech, big-cap tech, semis and Internet infrastructure. Techs started strong and stayed strong all day. IBM is one of the little talked-about tech stocks lately that have been doing quite well. It is up about 19% year to date and has held up in the face of some really choppy markets recently.
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