IBM adjustment, pre-announcement

As mentioned in my earlier post, IBM was on it way up to $110 before the close. I decided to close the 105 calendar and just leave the 110 calendar, as IBM was over $110. In fact, it reached a high of $110.97 before closing at $110.64.

It looks like it was a prudent adjustment, as IBM reported great earnings. "The earnings per share results were the highest for any first, second or third quarter in the company's history", reporting $2.32 EPS with the street's expectation of $1.98. IBM hit $114.48 after hours, which is beyond my upper breakeven. Looks like it's settling around $112.5. We'll see what tomorrow morning brings, along with housing starts report and a few other earnings announcements BMO.