Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: sandeep who wrote (48445)	4/10/2013 11:23:00 AM
From: Fintas	1 Recommendation Read Replies (1) \| Respond to of 220964

I own msft at 19 ish. MSFT up 8% is nada when you consider it has already retraced from 32ish. or crap it's down still from it's 32 ish and of course that 38 of 2007. More importantly ANY who were looking to enter MSFT had MONTHS to do so at 27/28 and should have already been in. It was fairly clear msft was building a nice base over TIME and as that happens the chances of going lower become less. However for the LONG that is already committed lower and was writing covered calls it's a ZZZZZZ while waiting for the push up. You tend to defend but not be objective. Yes spx is at 1570 but MANY stocks have NOT performed. MSFT is one of them. IF it were it would have taken out the 32 to go to 38-44 which is coming. BUT better to be buying a MSFT at 27 then a APPLE at 700 or a NFLX at 245 or dis at 57.. Presenting a healthy retrace spx 1400 or 1300 is not saying one's mother wears army boots. It's a retrace just as the move from 15 ish to 45 ish and then back to 27 ish was for JPM. One has to stay objective. Did not make JPM poo poo. Just made it a buy for those who did not catch it at 15/20 etc. It is simply understanding markets move up and down. When they get to far ahead of themselves they retrace. Just as a STOCK does. I do not sell core until they peak. I will sell my core or a leap at targets considered long ago when buying. BUT if at ANY TIME I see a stock or call has peaked. BYE BYE Here and now ms spx is toppy. NO ONE is saying one can not buy value. Spx is NOT value at 1570. GE is at 23..but spx isn't. Intc was at 20 ish 21. Even better at 19 if it happened and could still happen but if one wants in they don't have to wait for spx 1400. THEY take an entry. Whether in tenths or 1/3rds. Have a good day. Let's see if MSFT can take out 34.02. If not expect it to roll back under 29.16 to the 27 ish. IF it holds then look for 35.64 and THEN for it to roll back under to the 29.12. ZZZZZ