I added a stop loss to my MSFT Position

  • I put a stop loss on MSFT at around the days lows
  • While I think the stock will outperform as it trades much cheaper than the market the buyback will not be as aggressive as I first thought. The cash on their balance sheet is largely stuck overseas and they will need to generate the cash before they can spend it.
  • The other positives on MSFT is that it seems they are backing off their aggressive acquisition strategy. In addition, they are borrowing to buy back shares and Bill Gates is a smart investor.
  • If you have to own something I think the stock will outperform but I don't have to own anything so I want to limit my loss.

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