Suppose I have a long 250-share position in IBM. What types of orders would you use to liquidate this position for each of the following preferences? Be sure to discuss the costs and risks associated with each strategy. Please describe your strategy carefully. (A), {B}, and {C} are three different possible scenarios and are thus completely independent of one another. i} ii) My personal forecast of their earnings per share is $2.10 while the consensus forecast of various analysts is $2.75 per share. IBM is set to announce their quarterly earnings later today. If I am right, their actual earnings will come in below expectations and thus the share price will fall. If I am wrong, the share price will remain at or possibly rise. I bought IBM in November at $75 and it is now trading at $90. How can I maintain my long position in IBM and thus benet if they meet or exceed earnings expectations and at the same time protect against the stock falling below $85? I need to quickly cover (so I have to sell) this position so that I can use the proceeds to buy a stock before an earnings announcement slated to occur in ve minutes. I would like to get out of my IBM position without incurring large transaction costs. Because the price of IBM has been rather volatile lately, the bidfask spread in IBM is very wide