MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 690.64

+1.9%

4:00 PM EST

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To: t2 who wrote (81414)	8/15/2001 5:05:21 PM
From: Timetobuy	Read Replies (1) of 99985

I see nothing wrong with msft as a company. Indeed they will probably get stronger. It's the chart and valuation that makes me think the upside on it is limited. Last time I checked, msft represented over 10% of nasdaq. The whole index could be ok and still be down if that one stock trades lower. I think software looks bad though. The whole entire sector. And msft is one of the priciest stocks in it. Semis still look ok to me, but I haven't looked at charts with today's trades in them. I'm thinking of buying some soon on weakness as a trade. I think I posted once that it was "time to buy" but not necessarily "time to hold". I'm buying a few shares to hold in selected companies though because I want to own them for a few years and valuations are ok. They may trade lower in the short term but I think in the next few years they'll be looked at as a good move. I'm also looking at buying msft as a trade if it goes down another 10 or so. Otherwise, I'll just leave it be. I do not short. Ever.

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