Thanks, t2K. Tomorrow will be critical to the entire market. The market has been in a nasty trend of "selling the news", no matter how good, and has not reacted to "good news" - that often signals an important market top. There has been an attempt to go counter to that direction with INTC, and now we are really going to know what happens in the market after tomorrow's reaction to MSFT's news.
It is my personal opinion, that on *FA* grounds, MSFT's report was outstanding. I can hardly contain myself, I'm so excited by how good it is (international sales is what gave me a "h**d on" - pardon my crudity<g>).
Now, IMO, there is no *FA* grounds to sell MSFT, Win2K will be outstanding, and while true, margins may not be sustainable, volume should keep exploding (that international thing has me salivating!).
If the market sells off MSFT, which is a tech bellwether, on such a positive report, it says something very important about the *market*, not MSFT. That will be a very important indicator that a correction is not far off.
Good luck!
Morgan |
