buying MSFT

No guts, no glory? The markets appear to be putting in a bottom. Not "the" bottom, but at least "a" bottom of some duration we believe. Thus Monday morning we'll buy Microsoft, MSFT at the open.


January 29 2009 - "The markets could go either way, but appear to us to wish to go downwards."

Feburary was the worst month in the markets since 1933.


February 23 2009 - "We believe the banks are in much worse shape than is claimed, and that this will be painfully evident to everyone soon. We believe any rally could be very short-lived and met with equally quick selling.

We are not comfortable holding any unhedged long positions overnight, and especially not comfortable having any signficant long speculative holdings merely hoping for a protracted market rally. We sleep well with effective shorts in place, believing the markets will be much lower within months if not imminently."

Since that February 23rd posting the Dow Jones Industrial Average dropped a whopping 10%, and Citibank shares are 57% lower, Bank of America 26% lower, Wells Fargo 26% lower, US Bancorp 22% lower, etc.







We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the stocks we do, or mentioning them in this blog. If we hold existing positions we divulge the fact, otherwise we generally buy and sell as diarized here. This blog itself is merely a diarizing of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

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