I had a similer thing happen to me... I sold pre open at 94 1/8 thought I was hat, bought back a small
amount at 93 5/8, then ended up buying it all back at 94 1/8..
I hate trading it.,.. but I also hate those -5 days...
No I'm having fun trading MSFT. I sold a couple of days back at c. 97 something. So I did make money. The point of these posts is that you can make some money (despite what most people on this thread say) shorting MSFT especially as it is much more predictable than these Internet stocks.
More bad news?
NEW YORK (CNNfn) - U.S. prosecutors are reportedly looking
into whether Microsoft Corp. sought to persuade rival Netscape
Communications Corp. to work together in divvying up the World
Wide Web browser market between the two companies.
According to people close to the matter, the Justice Department
is investigating whether, in a 1995 meeting between executives of
the two companies, Microsoft sought to use its top spot in
operating software to convince a competitor in the browser market
to enter a cooperative agreement, the Wall Street Journal reported.
The allegations come at a time when Justice is looking into
Microsoft activities and is mulling whether to open a new formal
antitrust case against the Redmond, Wa.-based software titan.
Microsoft categorically denied there was ever an attempt at
collusion with Netscape. Mark Murray, a Microsoft spokesman,
told the Journal that the company never tried to divide up any
market -- for browsers or otherwise.
So far it is unknown whether Justice's probe will have hard
evidence, such as internal Microsoft documents, or just verbal
accounts from Netscape executives.
Among the executives is Marc Andreessen, the co-founder and
executive vice president at Netscape, who told the Journal the
meeting in 1995 with Microsoft executives was "like a visit from
Don Corleone."
"I expected to find a bloody computer monitor in my bed the
next day," Andreessen said in an interview with the paper. |
