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  • fimtinnegan fimtinnegan Aug 7, 2008 7:35 PM Flag

    MSFT is being accumulated....

    With the buyback, the street will be willing to push pps to a forward PE above 13. But resistence is likely once EV/EBITDA goes above 10. So resistence at about 31.58 between now and the next earnings report, so long as the whole market trades at worst sideways. If the market's momentum is strongly negative, even the buyback won't move traders into equities.

    Target: 31.50 by mid-October.

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