| |
MSFT is doing the slow bleed, would be nice to bounce of that trend started in 1996 but the 40 day line on a 6 day setting is in the 60s. Plus no wash out on higher vol. that's why I said slow bleed. All boils down to the court case, and general market conditions for MSFT. MSFT is making all the right moves now, going after broadband, moving CE across markets from handheld to set top boxes, getting ready to ship NT 2000 right when the large enterprise companies are going net crazy, but it's all moot. If MSFT was a mid size company and they were announcing all these deals and product offerings, then MSFT would be a steal, but it's not, it's the one giant among giants. How much bigger can MSFT really become, market cap wise? You have to have the whole market in general producing expanding PEs for MSFT to move forward, is that happening? No.
I hate the way this sell off is going I want more vol. on the down side. Only stock I follow that is starting to get it is ATHM. I want to be real bearish before I feel better. All this low vol. selling is not a good sign, the end is not in sight. I bet ya the DOW goes below 10K, that really would get everyone's eye open, maybe then the end of the selling will be close at hand. That said, the PC market will not be the place to invest after it's all over with unless you are looking for trades.
Greg |
|
