MSFT rumor

[Goods]

MSFT is up on rumors it may announce a massive buyback soon. As much as $20 billion.
Just a rumor for now. Keep an eye out.

[Goods]

Started MSFT small @ 27.54. Likely add.

[whodi]

MSFT is looking to break the downtrend since April 24th and looking to make the 1st higher high in this downtrend. It has struggled with a solid break past the 50 EMA. Could shape up nice if it does. Still trading in a channel since April 24th. If you draw a line from the top of the high on the 24th of April to current and then a line from the bottom of April 11th to current u will see what i am talking about.

http://finance.yahoo.com/echarts?s=M...=MSFT;range=6m

[ZoomVT]

thanks for the tip goods!

[Goods]

NP, Zoomer. Just remember that rumors are rumors and when there's a nice run on a rumor, it'll get killed if MSFT says no-ah-ah.

Like Whodi says though, the technicals show promise. And tech seems to be floating back in favor a bit if INTC & SNDK are any indication. Remains to be seen. At least with MSFT, it trades such huge volume it takes a lot to cause a dramatic move. Right now, there's not much downside. And if the buyback does gets announced, 30's not out of the question.

[whodi]

Originally Posted by Goods

Started MSFT small @ 27.54. Likely add.

Thx for this post, I have a solid position because of your post. Wasn't even looking at it and when I saw it I really liked what I saw

[Goods]

NP, one of many I owe ya.
Got home late today. Likely add some Monday depending on the market.

[whodi]

Want it to stay above 28, chart will look really nice over 28, with a clear break of of the 50 EMA. Hopefully there isnt too much profit taking on the latest run. These are big movements the last few days for this Monster Empire.

[Goods]

Sold @ 28.21 (+0.67)