Tuesday, December 23, 2008

Microsoft moving higher even as market moves lower

My main stock holding is Microsoft (MSFT). These past two days Microsoft has moved modestly higher even though the overall market has been weak. Usually that is a good sign, suggesting that somebody is "accumulating" the stock even as people are dumping most stocks. Or, maybe it is simply the company buying back its own stock. It may also simply be random noise which sometimes only looks like a real signal.

At the current share price of $19.28, the stock has a dividend yield of 2.70%, which is better than the yield of almost all money market funds.

-- Jack Krupansky

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