Captain Jack, for what it's worth, MSFT was down less than the NAZ in percentage terms, even though they were the excuse de jour for the decline. MSFT is more like a son than a stock -- you can't expect it to do what you want it to do every day, but you have very high hopes for it in the future. You want it to "protect itself," and you have to have faith.
I agree there is no reason for a MSFT bounce, unless they begin buying back the stock. The real issue is, where will money go when we hit bottom? Some of the flyers will get a pop just due to short covering, but I see the old guard of tech INTC, CSCO, ORCL, SUNW et al making strong moves off the bottom. MSFT may not join to the same extent as usual because of all the negative publicity. I feel it will be held back to by those who want to get out and will sell on the pops. In the long run, though, I believe MSFT will do just fine.
I haven't seen much of a relationship between the futures and the market in the past few weeks -- has anyone else? I'm curious. Seems to be an inverse relationship at times, but I haven't written down the figures and studied them.
INTCfan |
