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Friday, January 30, 2015
Microsoft is on sale
It was a mind-boggling few days for Microsoft
(MSFT): It got crashed by 10% on Wed due to its earnings that did not meet the
Street’s expectation. It continued to go down on Thu to as low as below $41 at
some point. For the long-term readers, you must have known me that this is
exactly the moment that excites me. Needless to say, I traded a lot, trying to
catch as much free money as possible
from who-knows who wanted to send me. I
was asked if I dared to catch the falling knife. I chuckled. A knife for MSFT
for me? It is my baby, whom I have adopted since almost 10 years ago!
As I said I started to buy MSFT around $20 when everyone called it a dead
money. But MSFT has almost been like an ATM/bank for me, from which I
literally have extracted at least over $10K between dividends and
short-term income trading, while I'm also seeing it growing. I'm
amazed MSFT is still so cheap and I want to buy more whenever there is a
"crash". If you ask me which stock to buy if you can only buy one
stock for your retirement, MSFT is definitely the one coming to my mind. MSFT
is widely oversold at the moment and currently sitting on a very strong support
line technically (see below) and I will be very surprised it will continue to
decline significantly from here. Of course I could be wrong. But I know this is
only me, not you and I know many of you who have MSFT are very nervous about
it. I
recommend you check this blog I just saw, which may comfort you a bit.
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