“Last week, I told subscribers to my weekly options newsletter that it was time to bail from Microsoft,” Rocco Pendola writes for TheStreet. “On the Oct. 4, MSFT closed at $30.03. On the 5th, it finished below $30.00 (at $29.85) and it’s been all downhill from there.”
“There’s not a nicer way to say it. The stock is trash,” Pendola writes. “And the company that floats it is little more than a receptacle — the black bin, not the nice blue one for recycling or the green one for compost.”
Pendola writes, “The one-trick revenue pony known as Google doesn’t rank far behind. Both companies will have their heads handed to them in what amounts to self-constructed ‘battles’ and ‘wars’ with Apple.”
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