Hi Frank, how have you been. I trust you've been well :-) Nice day for the Q, btw, the G&K Thread must be partying this evening!!!
Regarding MSFT, I think this recent action is the culmination of a lot of things. Cramers points, though always witty, are just a small part of the action at best. The fact remains that MSFT has been in a consolidation phase since the split in April, and this trading pattern was to be fairly expected. We've been debating the length/duration of this consolidation for almost a month now, but I think most would agree that MSFT is headed north from here, it's just a matter of timing. More to the point, MSFT's fundamentals are terrific, and this Red Hat IPO/AOL TV Channel news/IM battle are all probably helping MSFT in its battle with the DOJ, and few people are taking Mr. Bill and Mr. Ballmer seriously when they talk up the end of the world syndrom at the shareholders' meeting.
The problem for most of my Threadmates is that MSFT just hasn't done a whole lot for the past three months, and I think folks are just getting a little itchy. Patience will be rewarded, in my opinion, and MSFT should soon regain its form as it greets the new millenium with a big fat smile :-)
Teflon |
