You can read about my past comments on IBM located here.
Last week I wrote about how IBM looked like it wanted to breakout above the 165 resistance level. Yesterday it launched higher. Luckly I was able to add my final position earlier this week before the breakout. Next stop should be 180 level where I may sell up to 20% of my current position. Even though I consider myself a long term dividend growth investor. From time to time and under certain technical situations, I will trade in and out of a percentage of my positions.