It's decision-time, for MSFT:
We are right at the May lows. Either we bounce here, forming a solid double bottom, or.........we don't.
It seems to me that the Court decision to continue the process at a crawl, ought to have made a bigger bounce in the stock. After all, this essentially makes the legal proceedings irrelevant. By the time a decision is taken, the world will look so much different, it won't matter. And there are no interim restrictions on Microsoft, which is what I worried about most. So, the skies are clearing..........but the stock doesn't go up.
MSFT is not joined at the hip any longer to INTC (the Wintel Siamese Twins) so......what gives?
I am trying to decide whether Microsoft is going to successfully make the transition from a PC-driven to a bandwidth-driven world. So far, the answer is a tentative.....yes.
Still holding the 2003 LEAPs I bought last May. I may add more if we successfully retest that bottom (unless some even better deals present themselves).
I was mostly cash from early January, into June of this year. As it turns out, I would have done better by still being mostly cash. I keep on thinking, "The Fed is done, we are going to have a soft landing, valuations are getting less absurd, it's gotta be safe to get back into stocks now........right?" |
