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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: t2 who wrote (81414)8/15/2001 5:05:21 PM
From: Timetobuy  Read Replies (1) | Respond to of 99985
 
I see nothing wrong with msft as a company. Indeed they will probably get stronger. It's the chart and valuation that makes me think the upside on it is limited. Last time I checked, msft represented over 10% of nasdaq. The whole index could be ok and still be down if that one stock trades lower.

I think software looks bad though. The whole entire sector. And msft is one of the priciest stocks in it.

Semis still look ok to me, but I haven't looked at charts with today's trades in them. I'm thinking of buying some soon on weakness as a trade.

I think I posted once that it was "time to buy" but not necessarily "time to hold". I'm buying a few shares to hold in selected companies though because I want to own them for a few years and valuations are ok. They may trade lower in the short term but I think in the next few years they'll be looked at as a good move.

I'm also looking at buying msft as a trade if it goes down another 10 or so. Otherwise, I'll just leave it be.

I do not short. Ever.



To: t2 who wrote (81414)8/15/2001 7:22:58 PM
From: majaman1978  Respond to of 99985
 
NV, I just came across this most excellent article on another thread on SI, read it carefully because it's one of the few I've seen in recent times that's right on the money...Thanx to FPembleton for posting...
Message 16212997