Arthur Treacher, agreed smart money is shifting to CSCO, SUNW, NOK
question is where the majority of money is moving that aint so smart, aint well informed, aint more than reactive
for each $1k of smart money, there is $10 of herd money
IMO, the sequence of MSFT decisions are much like two big men in a bar pushing and shoving each other
a big balloon nearby took a small puncture, then a bigger one
the big men were wearing sharp objects that touched the balloon
they just happened to be the first outside agents (or inside) to offer any significant pressure or force
a solid argument could be made that MSFT is already priced down, factoring in the inevitable damage awards
but I doubt the market will react with indifference to $1.5 billion in damage awards
I would expect to hear invective outcry that govt has gone to far interfering with big business, shutting off opportunity, putting at risk the entrepreneurial spirit, jeopardizing legitimate profit, damaging the business climate
I hope I am wrong here
/ jim |
