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I am not a fundamentalist, but I do look at the realities of what is going on
around me prior to checking out the technical factors in a stock or future. I
have an intermediate downside target of 83 +/- on MSFT. If I were trading this
stock I would look for a retracement of this move down. The one thing that did
happen with the court decision is that it opened Pandora's Box. Every contingency
attorney worth his salt will be looking for clients to file class action suits
against MicroSoft. Like the tobacco cos., silicon, asbestos, ATT and any other
product or company that had even the inkling of consumer damage, microsoft will be
the subject of lawsuit after lawsuit. If you are buying the leaps, learn to trade
the shorter term options against them. Microsoft could come out of this stronger
then ever, looks like they are buying a president at this time. Ira
wong wrote:
> 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
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