In my August 29th post on IBM I said that this should be a core position. Unfortunately, we are not likely to see a drop to the 141 area I suggested for GTC orders. I believe the bottom is in for IBM and though I don't want to chase, this was so oversold and such a good value that I would accumulate on any dips especially down days. At it's low recently, it was 20 points below the 200day mva and with the 4%+ yield represents a great risk vs. reward long term investment opportunity. BUY!