Hello all,
As I'm sure most of you saw, Microsoft (MSFT) gapped down almost 12% on 7/19/13 due to poor earnings.
I've been looking at this stock with the idea that, at least over time, the stock should rise back up to pre-gap levels (34 - 36). Assuming everything goes alright with Microsoft, and their next earnings isn't as disappointing, would I be correct in thinking this?
Instinctively, I would go long on MSFT right now, what do you guys think? And if it is the case that MSFT is bound to move back upwards, how far and in what time frame would be most likely?
As I'm sure most of you saw, Microsoft (MSFT) gapped down almost 12% on 7/19/13 due to poor earnings.
I've been looking at this stock with the idea that, at least over time, the stock should rise back up to pre-gap levels (34 - 36). Assuming everything goes alright with Microsoft, and their next earnings isn't as disappointing, would I be correct in thinking this?
Instinctively, I would go long on MSFT right now, what do you guys think? And if it is the case that MSFT is bound to move back upwards, how far and in what time frame would be most likely?