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google stock

Posted on 1/20/16 at 9:02 pm
Posted by tigers1956
baton rouge
Member since Oct 2008
4794 posts
Posted on 1/20/16 at 9:02 pm
I have about 75000 dollars of IBM stock...I would like to sell half of it and buy some Google is this a good move or should I just keep it untill it goes back up....how low do u think Google will go..I think that IBM is a dated stock going nowhere...Will Google ever do a divided...thanks for your help
This post was edited on 1/20/16 at 9:03 pm
Posted by RebelOP
Misty Mountain Top
Member since Jun 2013
12478 posts
Posted on 1/20/16 at 9:30 pm to
Why jump from a $120+/- stock to a $700+/- stock? Is this all you have? Do you just like technology? If you like tech why not get into a tech heavy mutual fund or ETF? We're going to need a lot more details before giving any guidance.
Posted by Jag_Warrior
Virginia
Member since May 2015
4126 posts
Posted on 1/21/16 at 12:59 am to
If the value of the IBM represents more than 10% +/- of your portfolio, you might consider diversifying. As for whether or not you should look at Google as an alternative, I don't have an opinion on that.
Posted by misterc
Louisiana
Member since Sep 2014
700 posts
Posted on 1/21/16 at 8:15 am to
I like both stocks....

quote:

I think that IBM is a dated stock going nowhere


While their stock price has suffered lately, I don't agree with this.

IBM must constantly adapt which is why they have not been growing revenue. They are getting out of commoditized chip businesses and focusing on the services business which is in high demand. The whole Internet of things trend will play in their favor.
They also have constantly raised the dividend and bought back stock over the years. It's a long term hold stock. Now is when you buy more not sell...disclaimer (I own IBM stock, do business with google and sell software as a service for non competing companies)

If you would end up with a tax bill making the trade that you can't offset I definitely would not do it.
Posted by yellowfin
Coastal Bar
Member since May 2006
97713 posts
Posted on 1/21/16 at 9:28 am to
damn I hadn't looked at IBM since I sold over a year ago....glad I got out of that.
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