[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

[RT] Re: Non- Manipulation of Stock Market



PureBytes Links

Trading Reference Links

In fact I'm beginning to buy the MSFT Jan2002 leaps.

I first bought them when the stock was at 88 1/2 on Apr 5.

I take a look at a long term chart of MSFT, draw some trendlines (note: I'm
a very poor chart-reader, and my drawing of trendlines is probably not very
good, but...).  In my simple mind, I note that there may be levels of
support as MSFT (may) continue to go lower: at 75, 68, and finally 60.
These are very arbitrary figures which (however) to me seem to be quite
reasonable.

Within 3 months or so, the Jan2003 leaps will be coming out.  I might even
average down on the Jan2003 leaps eventually.


MSFT is still one of the world's greatest companies.  I don't see its
demise any time soon.  And since its recent high was around $120, the
probability of it's going much ower than $60 should not be that great...


Regards,

Wong
=================================================
At 12:04 PM 04/08/2000 -0400, Daniel Goncharoff wrote:
>This brings up a question that has been bothering me: why would the Microsoft
>ruling be negative for the Naz. Many more companies would benefit from a
>break-up then would suffer.
>
>Did anyone on this list think, oooooh, I should sell because of the
ruling, or
>know anyone else who thought that way?
>
>Right now, that 'explanation' smells like media bs...
>
>Regards
>DanG