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Recently Closed Positions:
Current MPY: 2.5%
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Day Play:
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3-Day Play:
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Longer:
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Commentary:
RBY is heading for orbit, but we still cannot suggest a higher entry. GLD came to within $.50 of our target, and left the building, but we are still stubbornly holding tight on our entry. NBG has given us 2 great swings and we got some good advancement from them. A recent article from fool.com proves that we aren't the only ones that see potential there. <$5 may be a bit unlikely at this point.
Then there is MSFT. Readers of our RSS feed and members of our private Facebook group are aware that we visit MSFT from time-to-time, we have called the stock stagnant but stable, as well as solid upward potential at a P/E of 15 years. However it has found 20 and that is not likely sustainable for a company that lacks innovative capacity.
We recently decided to give a play with Microsoft pubCenter® (an advertisement source for web pages). We pulled AdSense® off of two of our lowest traffic sites, sell-early.com (companion site to the sell-early newsletter and rss feeds) included, and try the Microsoft® AdSense® copy cat. Within less than a week, and a goose egg for PPC clicks they rejected the site as a violation of their terms. Interesting. AdSense® has treated all of our sites with respect and dignity. Curious move for a late entry into this marathon.
That's just the problem with MSFT and why we now officially blacklist the security. When old Bill was around, they copied innovations with care and strategic gumption. Now, they seem to behave more like a bunch of arrogant fools standing around a water cooler reveling in their own brilliance. Time will tell, but we will set our entry on this at < $25. Yes, a P/E of < 15 is shameful for a technology company, but the track record stands. They are a P/E < 15 company. Leave the 40s range for the innovators like GOOG and AAPL.
Please do visit sell-early.com some time. We failed to officially notify you of its existence, and know we can trust you to bear with any deficiencies you experience. Our quotes feeds are not entirely reliable and we have yet to successfully enable community tools without spam trouble. We just prefer to look at market trends then junk posts from spambots. We are also aware that it is an incomplete archive of our feeds. That is also on the todo list.
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Daily or Weekly BS!
MSFT can't even buy an innovative idea. So they copy them. However, since they lack innovative capacity they seldom improve on what they have copied. One recent exception has been the way the Windows 7 task bar works. Oops, it now works near exactly like OSX's. Guess there are no exceptions.
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