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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 679.70+0.7%Nov 26 4:00 PM EST

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To: Logain Ablar who wrote (43391)6/9/2006 3:04:21 AM
From: Johnny Canuck  Read Replies (1) of 68330
 
Tim,

It may be a value stock, but certainly is unloved right now.
It is in a confirmed down trend with not much strong support near the current levels. In fact MSFT is setting 4 year lows.
It have not been lower since the 2000 tech meltdown.

I agree they are still generating huge amounts of cash. The key is that it is not resulting in any growth in profits. It will probably pay off for them, but short term there is not much reason to hold the stock.

139.142.147.19
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