I am assuming that crash is short up to his nostrils and on margin like many others. His broker will start closing his position on Monday and that will only make this go higher. Check twitter, many in same boat.
He is desperate at this point.. I actually have empathy for him. :-)
hope none of you are following the bashers in here...
Truth is MSFT could go either way...i believe up but, the chart is not giving clear direction at the moment.. that doji candle says big fight here between bulls and bears
downside is around 40.25 upside 45.50
you seem miserable about something. I am sorry for you and hope you can see your way to a little compassion and kindness. Your comments do not make you look too smart. You must have lost a lot on your trades. I will help you with that, but you must promise to be nice to at least one person a day. :) It will change your world..
No doubt MSFT will rise in the near term...as mush as 10%
JFYI i have traded this at least 10 times in two weeks and have no losses on MSFT
Its all about oil right now. Only missed 42 by .07 cents though. (:-0 ..still have my hat too!!!
We just went thru VWAP and oversold on the daily. just a matter of time :)
agreed thegreatone561. i sold the close, and will look to re-enter in the 18.75 area. could be a mistake, but had nice profit here.
we are at the pivot point currently with 18.73 as support. i also am in for a swing trade or day trade. 18 is possible but looking at the daily, higher highs, higher lows and good support in this 19 area. if we do go through 20, shorts will start to cover...we could see a move to 22.80 fairly quick IMO. we have stacked catalyst to the left and a gap to fill in the last week of December. Agreed that a lot hinges on oil... there will come a time to buy CHK SDRL RIG and others with both hands and maybe hold for more than a day or two. :-)
MSFT moved with the market on Friday and is now oversold IMO. who knows what happens Monday but MSFT should bounce nicely if market doesnt correct.