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.
Hi Mike,
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???
Kevin
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.)
I agree with a rebound later this week -- do you see
MSFT getting back to high 90s mid-May?
Thanks,
Tom
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.