MSFT 5/29/2005
I was looking at some charts yesterday and noticed that MSFT is moving up quietly. It broke out of resistance last week and is above its 12 day EMA. The weekly chart shows that MSFT is trending up too. It would be nice to see MSFT come back to its 12 day EMA and be able to buy some shares. If it acts like INTC we won't have a chance to get in before the blast-off.
What the hell is it with these drug companies? Investing in these issues is like walking over an Iraqi minefield (I think, I have never been to Iraq but I saw some pics in National Geographic). Just as I was looking at Pfizer, a press release comes out about Viagra causing blindness. The stock sinks on worries of litigation and possible earnings collapse. My late uncle Alex, who was a great business man, would always invest in the top blue chip companies like a Pfizer, Intel or Coke. I wonder if he would still care to invest in big pharmaceutical companies in 2005. Drug companies are a tricky group these days. Are they worth the risk?
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