Friday, 27 April 2007


MSFT announced great results for the quarter yesterday after the close - its EPS was better by 4c than what was estimated (46c) - and its shares naturally have been marked up pre-market and it has received the usual euphoric reactions from the Investment Houses by having been upgraded to something like $36.

On the other hand the US GDP for the first quarter has just been declared and at 1.3% it's .5% below the expectations - the futures temporarily reacted negatively but the open is going to be hard to read for me - it's going to be Microsoft against the GDP result - but for me, I am staying out of the market and will not open any CFD positions till things get much clearer -- having said that a correction will soon be around the corner - we shall see...

microsoft dow jones trading chart

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