swing_trader42
Short

nice and juicy short

NASDAQ:MSFT   MICROSOFT CORP
47 3 2
MSFT             breakout is not happening this time as P.C demand is going nowhere. don't short at 49 and think that you are a genius trader.. short here near all time highs when everyone is chasing an overbought stock and looking for a breakout which will definitely not happen, not this time.
swing_trader42
7 months ago
short idea is working. breakout did not happen as P.C slump wasvery evident from INTC and MU calls. MSFT now trading at 52.83 i.e. a nice 4 point profit on short side. I'm not looking to go long near 49.
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immawin
7 months ago
you were right! so does this mean that there is a flaw in the fundamentals
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swing_trader42
7 months ago
nothing is wrong fundamentally just one off quarter. the stock is coming off of Feb lows of 49 and traders want to take profit at 57.. its not going to gap up and go higher in cases like this. To break all time highs everything has to line up P.C, cloud etc.. I'm waiting to buy the stock in high 40s.
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