Nasdaq Bullish

ppteam

When Goldman Sachs (GS) puts Microsoft (MSFT) on its Conviction Buy List, not only is it positive for the name, but perhaps it is very positive for big-cap technology, too, perhaps the kind of technology names imbedded in the NDX.  Maybe GS is impressed with BING, which gives MSFT a new product that can and will effectively compete with Google (GOOG).

Should we not extrapolate the impact of the Conviction Buy List to the NDX?  I don’t know, but as long as the PowerShares QQQ Trust (Nasdaq:  QQQQ) remains above this week’s pullback pivot low at 35.24, I will respect the integrity of the larger upleg by remaining long in our model portfolio.  However, if this week’s pivot low is violated, I will reverse into a short position – regardless of MSFT’s inclusion in the Conviction Buy List.

xiaozhu

HOHOHO to north polar

金牛银熊

Dahutu

When Goldman Sachs (GS) puts Microsoft (MSFT) on its Conviction Buy List, not only is it positive for the name, but perhaps it is very positive for big-cap technology, too, perhaps the kind of technol ...
ppteam 发表于 2009-6-20 23:21

很有可能。。。这是6月5日我贴在某个group的一个study
Nasdaq got bullish at that time among big capital,

lite1067

how is the tracking record of GS 'conviction buy' and 'conviction sell' list? I am afraid it is similar to Cramer's strong buy recommendation - namely a simple pop & dump phenomenon.

ppteam

4# Dahutu

who knows...
现在大家把LATE DAY RALLY已经叫做GOLDMAN SACHS TYPE RALLY.
所谓的FREE MARKET搞到这个份上已经很。。。

z_crochio

MSFT was in an very overbought position, and quite expensive relative to S&P level.
If GS didn't make the call, I would think it may close down below 23, at least to start re-testing MA20 after breaking MA200.

With the upgrade, MSFT opened directly to 24, and stayed without much of a fight.
An interesting thing is,  MSFT June option doesn't have a strike price at 24, but just 23, 25.

I don't know what give GS the reason to upgrade, but BING in my opinion, should not make a case.
Web search market has been overwhelmed, ad revenue will also come down during recession, even GOOG knows this and tries to shift into other business.
Vista is a completely disaster, and lately its PC-joint ventures start thinking of Linux, with all other things make MSFT's revenue and earning shrinking big.
MSFT don't make a buy case, at this price level, at this time, at all (not till Windows 7 receives welcome)

But sure it's a good pick, if GS wants to lift the index and change the sentiment.

trueself

thanks

爱山猫

bulli sh it.

yuelm2008

7# z_crochio


agree

CoolMax

Kiss Bye Uptrend？

vivian

谢

ychen222

as long as the PowerShares QQQ Trust (Nasdaq:  QQQQ) remains above this week’s pullback pivot low at 35.24, I will respect the integrity of the larger upleg by remaining long in our model portfolio.  However, if this week’s pivot low is violated, I will reverse into a short position
支持！