My opinion on Microsoft's stock prices this year hasn't changed any.
I posted earlier that we'd experience lower prices in the coming weeks, prices have declined, and a few weeks passed. I indicated I'd buy when we see a sideways period. I deviated a bit: This is my vacation time, and when home 'between trips' I purchased some additional shares for $100, not because I thought it was the best investment decision, but, because I wouldn't be able to buy them while away. Obviously, I could've taken advantage of a better price now, but I was trying to fit everything in and in doing so, I paid a price.
As yet, we haven't seen the equalibrium between buyers and sellers with its accompanying stable stock price. And we may not see it. Sometimes, especially on expiration Fridays, stock prices dive and people panic. This panic can, and has, vacuumed the selling, leaving only buyers the following week. As prices rise, the bandwagon jumpers pile on, and the stock continues to climb. I've observed this type of finish to about a quarter of Microsoft's declines during the last decade: The other three-quarters end with the tell-tale 'flat' period.
Anyway, after we eventually fly out of this downdraft, we'll see a strong escalation in Microsoft's stock price. I'm expecting to be selling in the $140 range later this year.
More controversially, I think we'll end the year at $120.
Disclaimer: I cannot predict the future, restore sight to the blind, or raise the dead. I express opinions based on observing the price behaviour of my Microsoft stock over the years. I don't give investment advice.
Hope this is clear, PW.
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