by Sam Collins 10/08/08
Microsoft Corp.(MSFT) -- This major provider of software products for computing devices worldwide ran to almost $60 in the days of the technology bubble of 1999.
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After almost four years of consolidating within the range of $22 to $30, last October, Mr. Softie broke the logjam and ran to $36 by year end.
But the general market sell-off has driven this global software leader to a level not seen since 2006 and before that, the bottom of the last bear market.
Savvy long-term investors may want to add Microsoft to their portfolios now.
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FAST is now consolidating and recently flashed a buy signal from our internal indicator.
Options Expiration Adds Volatility
The opening looks to be higher but today is options expiration day, and anything could happen.
Chances are high stocks will sell off further, but be alert for a dead-cat bounce after such a dramatic breakdown.
Traders and longer-term investors should sell any new positions at the first opportunity and short ETFs on a temporary recovery in the market.
CAT, the blue-chip of its industry, is the first to attract attention when it's time to dress up a portfolio.
