Greed got the better last week of the sleazeballs who manipulate this stock for a living. They gapped MSFT 40 points on Thursday’s earning’s beat, but the move was too ambitious to sustain, and MSFT came down hard. As a result, there was little opportunity to distribute stock at or near the top. It will also have left buyers with a bad taste, and they will pose a serious obstacle when DaBoyz attempt to re-levitate the software maker’s shares for distribution. The selloff looks likely to hit 493.67 before MSFT can turn around, so you should plan on doing some tightly stopped bottom-fishing there (weekly, a= 468.35 on 7/5). If that midpoint Hidden Pivot support fails, more slippage to as low as 431.89 would become likely.
MSFT – Microsoft (Last:523.58)
