Technically, MSFT is close to an inflexion point, which can be identified as resistance at 90. I would guess, it'll sort itself out most likely tomorrow, maybe Wednesday. RSI has turned over 50, money flow has gotten better, momentum is positive though small compared to the sell off. Tomorrow the market should be positive. If MSFT comes out with some news, this could help it break 90. Still, 95 looks tougher. Even 90 is a big question mark, though the action today looked pretty bullish. If it fails to break 90, it'll sell off near term, and we may have to wait a few weeks for another run. Maybe there's something positive brewing at MSFT, and we'll get some news soon!
<OT>BTW, Teflon, I watched SFE today. I'm mostly a trader, (though I do have my long-term investment-non-trading portfolio) and I'm pretty puzzled by this stock. Isn't it basically a kind of CMGI? The action today was very volatile, and it seems to have a real problem hanging on to gains above 90 - it was all over the place. I admit I'm intrigued by this stock. Can you give me some pointers on what moves this stock from a trader's perspective? CMGI seems a more pure play, and still has some upward momentum left. Do you see any specific time-frame, or price target one should select to get in? I want to diversify a bit, and wouldn't mind holding something for a couple of months. TIA. |
