JohnD, thanks for your opinions, how about a counterpoint?...
You've made some valid words of caution here. I'm worried also, but I'm not going to sell tomorrow, because I think MSFT will continue to power for a week or two. For long term holders, this is a non issue, I speak as a February option contract holder.
My reasoning is that the Nasdaq and the general market made a key reversal on Friday. The closing broke a downtrend and with a positive market tomorrow, we'll be in an uptrend again. Intel, Yahoo, and AAPL got knocked down, I believe, because they had the misfortune to announce during the Brazilian uncertainty. I've been stating for a while now that the Nasdaq looks ripe for a downside consolidation, I think back to 1800-2000 level, but not just yet. I think any continued overbought top buying on the Nasdaq is going to bring Microsoft up with the tide, particularly with a good blowout number, and a typical to positive conference call. Nobody worries about cautious Microsoft statements, I think it's expected.
I put the possibility of a split also very very low, am not expecting it at all. If they do announce one, I believe 165-170 would be my sell target. |
