T2k,
Again you are alone to fight those bear craps , like SFD, limax..,
Well , Microsft had corrected more than 20% from its high of $95, and there are always people wants its to drop more so that they can buy more of your shares at lower price or because they are having a short position, so , they tried to talked down the stock, just read the Yahoo board , your will know, and most of these posts are very childish and of no contents. If you read the chart carefully, you will see every time before the split, MSFT run up, and correct seriously after the run up, and then start another big run up. This time , there is no exception. So, if you are bulish on this stock long term, why should you sell this stock of quality with a 20% discount ?
The right thing to do is to add up your position and wait for the next big run up, and that is exactly what I did when it hit $76s in the past couple days. Add 20% of my total position and wait for the next big run.
With Office 2000 to be released to retail on June 10th which will add $15 B of revenue in the next two years, window 2000 to be released soon , and many many good things, especially the settlement ( I am pretty sure the DOJ case will go no where, and it will settle pretty soon). The only direction I see MSFT can go is up.
Talking about the rate , well , the increase of the inflation index last month was caused by the hike of oil price, and it is just temporary, as the price of oil drops, the index will be back to normal, i.e no inflation , and we will see it in the comming release.
Under the current worldwide economic wheather, there is no room for AG to increase rate. As the world economy drops to recession again, no one will buy PCs, airplans, cars ..etc, so US companies will be cut off first of the export, and recession or even depression . So, hike the rate at this point will not only hurt other countries which now is in the beginning of recovery mode, and will also hurt the US companies . SO, I do not believe there will be a rate hike, but AG can always talk about it, you know , talking is cheap. The fund manager like to talk down the stock too so that they can buy more of your shares at lower price. You know the story , "The sky is falling".
From today's market performance, down at open , and get to the positive area at close, I see a clear signal of accumulation. |
