I am the proud owner of 25 shares of Microsoft Corporation stock (MSFT: Google Finance, Yahoo! Finance). These shares were purchased on 3/23/2006 at a price of $27 per share.
After selling my SIRI stock last week, I was itching for somewhere to put that money. MSFT had been on my radar for a while and was an obvious target for me. It seems I wasn’t the only one considering investing in MSFT though, because the stock had a rally from the low $27s last Monday to just over $28 this Tuesday.
While I was pondering, a few things happened:
- Microsoft revealed their Origami handheld device.1
- Sony announced a delay in the release of their Play Station 3 gaming console.2
- Jim Cramer talked up the stock on his radio show… twice.
I thought I had missed the boat. But then this Tuesday Microsoft announced a delay of their own3. The consumer version of Windows Vista, the next installment in the Windows Operating System, will be released in January 2007 rather than the previously-planned “second half of 2006″. The “corporate version” is still planned to be released this November though.
News of the delayed release erased the previous week’s rally, taking the stock back down to the low $27s Wednesday. Is this my second chance to jump aboard the MSFT train? Is this a buying opportunity for MSFT?
