I should go on vacation more often.
While I was away last week, Microsoft became the hot tech story once again and there was some lively chatter on my blog.
Some readers noticed that I speculated a Microsoft-Yahoo merger would be the subject of Microsoft’s New York analyst meeting on Monday. I’m not providing stock tips, but if you bought YHOO stock on that guess, you would have done pretty well.
Others took me to task for a post written after Microsoft’s earnings came out on Jan. 24, as its stock passed $35 in after-hours trading. I noted the jump, and asked whether the stock could be headed toward $40.
A few Microsoft bears chuckled about that one, after the Yahoo deal and market malaise pulled the stock back down into the high $20s — it closed today at $28.52, down 2 percent.
“It’s now 20 percent below its October high of $37.50,” commenter “John” wrote. “I don’t expect to see $40 stock this year, & only give it a 5% chance of hitting it within the next 3 years.”
You win some, you lose some, I guess.