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Technology Stocks : Microsoft - When to short
MSFT 517.990.0%9:30 AM EST

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To: Pink Minion who wrote (64)1/16/1998 1:19:00 PM
From: Tom M  Read Replies (2) of 96
 
Anyone else think today may be a peak before heading into the three day weekend? Always looks dangerous as hell though, with amazing money thrown at it. $136 was the high on October 27 when it "seemed" overvalued to many and sold off. Sellers haven't had a chance at today's prices for about a month. It's options expiration today & open interest looks like more would be worthless around $130. Earnings are around the corner but will be announced in the PM then the next day (Oct 22) the DOJ gives its findings so it may be an incredibly short lived rally, & a very dangerous long play until the findings are out, IMO. Also are on the 4th up day in a row for MSFT. Many shareholder state they think it's overvalued as a stock. I believe the only reason one would pay the premium is because they know it's a monopoly. Nothing less than the foundation of MSFT's stock valuation is on trial, IMO.

Disclaimer: These are just my thoughts, not investment advice.

Tom
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