Microsoft Is Becoming Very Attractive
The steep slide that Microsoft (MSFT) has been caught in since the September highs is about to yield a very low-risk buying opportunity.
Shares are off another 1.25% today, pushing the decline from the November peak to over 10%. The most recent leg down, which reversed a healthy bounce off the $28.00 area, has attracted some very heavy selling. The collapse on the Nov. 13 dropped the stock over 4% on the heaviest downside trade in well over a year. Days later, Microsoft reached an extremely oversold level but has not been able to mount much in the way of a recovery. I believe, after a dip to fresh 2012 lows, the stock will be sold out and set up for a rebound....191 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.