Covered my shorts

Covered my short positions today and started buying a little here and there. I bought both some MS and MSFT.

MSFT based on a dirt cheap valuation. It’s yielding 2.97% and no, they’re not going to cut their dividend. I’m buying it for the yield aspect, but it’s forward P/E is also rather low. MSFT is also going to raise debt and lever the company. RoE could take off.

MS I bought just because the financials are too beaten up right now. The move down was an overshoot. I’m not saying it’s gonna take off, but I’ll play the bounce…..then short into any rally.


About diqster

r to the hizzle
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