MSFT Short Entry
By Johns Wu on Jun 08, 2006
MSFT, Microsoft Corp., isn't looking so hot lately.
It has broken down from a consolidatory support. As you know, "support becomes resistance," as was evident in today's selloff at the trendline. MSFT could make for a short entry from a technical analysis standpoint.
Considering the current dour market conditions, short positions are favored in any stock.
This entry was posted on Thursday, June 8th, 2006 at 3:14 am and is filed under Annotated Analysis.
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4 Responses to “MSFT Short Entry”
By DJ on June 9th, 2006 at 7:52 pm
I know I’m just rehashing verbatim what has been said by softee bulls elsewhere, but do you really want to short MSFT in face of the fact that VISTA is on its way? that could be a risky bet.
By Anonymous on May 31st, 2007 at 2:55 am
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By Anonymous on May 31st, 2007 at 5:52 am
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I think it’s going to take a little while for it to break - there is a good support there. There are better shorts out there. Microsoft is a slow mover and the last couple of weeks it had a big move - so it will probably get back to some trading range.