Don't worry MSFT people. Once a correction starts (which I don't believe yet), the mentality is to buy safe stocks (liquid and are positive to make money). This fits MSFT. Also, they are a cash cow, so interest rates don't bother them as much. Almost every company I know is going to NT or 98. That is all I hear. there is no competition anywhere. I would buy at 89-90 as well. This stock has fallen over 10% in less than a week on a good earnings (which is usually the worst qtr for them). Technically, this has to be a stock to own. Thoughts?
Technical Analyst have been calling for this correction, and they seem to be right on target. Microsoft traded down on CEO comments late last week, but traded down with the tech stocks Friday and today. Technical Analyst were calling for a 4 to 6 percent pull back in stocks based upon weaking number of new highs in stocks as the major indexes hit records. These same analyst predicted that by the 28th or 29th of April the market would begin to rebound to new highs, topping out around 13-15 May timeframe. Then, a more serious correction later in the year. Most of what you are seeing the the downside of this stock, has nothing to do with Microsoft. When the smart money rolls back into the market by the middle of the week, be assured it will be in high quality companies with Microsoft. Wise,long term investors welcome the few opportunities to buy at discounted prices.
Where did you get the information about the Tech Analysis?
The market seemed like it was ready to correct. Wall Street just needed a good excuse to re-shuffle the deck.
Are there any web sites listing important dates such as, Fed Reserve meetings, Triple-witching days, etc???
P.S. As for buying MSFT or anything, the safe bet is to wait until after the Fed meeting *AND* the market starts on the upward trend. You might miss the best prices, but you won't be buying at the start of the downward trend. Watch out for the markets, dead cat bounce. (Short upswing before the corrections are complete.)
to 80 level with a correction due to high vluation much higher than market as a whole bound to be hit harder. Sell now buy on the other side of 80. Or just hold on msft is bound to rebound no matter how low it drops will be more volitile than market as a whole but over valued at present.