There was a lot of hype built into Microsoft (MSFT) ahead of the Vista launch. While it is true that most of us will eventually upgrade our PC and thus to Vista, there doesn't seem to be a mad rush by folks to upgrade prematurely. There is also a "gut feeling" by many that it may be better to wait awhile until bugs and/or compatibility issues are worked out. In addition, there may also be a slight market share loss to Apple. Microsoft had remained above its 50dma since the July market lows, but is now trading below the 50dma. It plunged below the 50dma on big volume yesterday.
Also it's important to note that MSFT is a big weighting in many of the indexes.
Tuesday, February 06, 2007
Microsoft and the Market
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