Added to my MSFT position. Earnings were solid and it seems to be a good play as a stay at home stock and can still do well in a re-opening environment with enterprise spending. Also bought some NFLX. Post earnings drop is hopefully done and it should do well in case we are headed for a “dark winter.”
speaking of enterprise spending, did you see SAP's forecast of the enterprise SW space? my take, once MSFT finds a bottom, in the near term, i'll pick some more shares, think it'll be below 200 i am on the other side, for ~ another month; we'll see what will happen! u know that is not so much the earnings miss---effecting the stock price drop---it is more the less-than-stellar subscriber growth btw, winter begins in late Dec, until then, good luck! also, new streaming competitors have surfaced, DIS; HBO max
Seems like companies that beat estimates plummet while hopes and dreams are rewarded.. Idiotic market.
Well, there's also COVID in the US, elections getting closer, not great vaccine news, France and Germany shutting things down again because of COVID, etc. I think all of that outweighs earnings. I think this is the sell-off most people expected before the elections. My fear is things not getting better soon.
A double in 2 months? Hmm... I've seen crazier things, and people have been saying there's going to be a stock market run-up as the year ends, but ... damn! Good luck.
Lol yeah not realistic but hoping with a few upgrades it can at least break 9 by then. Ive already doubled my money with it so I’ll take anything extra
