Closing Out IBM Trade -- For Now

It's never fun selling into a down market, but I'm seeing a lot out there I don't like, so cutting losses here, especially when they are still small, appears to be the best approach. One can always get back into a position after exiting. Sometimes you'll have to pay more and sometimes a lot less. The key is to still have the ability to act.

A few positions are working, but IBM (IBM) has failed to break above the $145 level and appears set to test $142. Should $142 fail, we could be staring at a retest of the recent low. This is a name I would consider re-entering on a push above $145, so I wouldn't be giving up a lot of upside if I were to buy back in after closing this position....92 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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