"Brantley, you like to sweat, don't you?"
--Howard Prescott (The Secret of My Success)
Have been getting long Microsoft (MSFT) for a trade. The stock trades 'dry,' meaning that the stock price remains firm even when the overall tape is weak.
If (when) a debt deal gets cut, then this stock seems a good candidate to lead things in any sort of 'relief rally' that might ensue.
First stop is about fifty cents higher at $28.50. If that is breached, then $30.25ish seems big resistance.
Because it's hard for me to trust 'em these days, odds are good that I'll be gone long before $30.25 comes into view...
position in MSFT
Tuesday, July 26, 2011
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