Here is an update on Zillow (Z), along with some thoughts on Microsoft (MSFT) (May 22, 2014)
A couple of things real quick here; Zillow ( NASDAQ: Z ), this is kind of what I was talking about, we’ve featured this a couple of times, this is a really nice bowl pattern, now this stock is at new highs. Let’s look at it on the weekly chart; this has been squeezing sideways, I’m telling you this is just getting going. This is a really powerful pattern here, the stock is just getting going, you haven’t missed the trade completely, but you didn’t get in on it quite as early as you could have. It is not to late to buy this stock right now, just make sure you are ready to hold it for a bit.
Now, one other thing, Microsoft ( NASDAQ:MSFT ), just wanted to point this out; this isn’t a right here right now moment, but the stock is trading in a squeeze. You know if you have listened to me any time, I’m not a fan of Microsoft ( NASDAQ:MSFT ), I hate their stuff, it’s just that some of the programs that I need in the financial markets only work on PC’s, plus I’m too lazy to learn to use the MAC keys and stuff, so I’m kind of stuck, I’m a victim of my own laziness and curmudgeonous; but the stock is getting ready to move higher, it’s getting poised to break out. I would say if the stock sticks it’s nose out here you want to buy this stock because every this stock has squeezed, which hasn’t been that many times, it’s blown out to the upside, so get in early. I think you can buy this stock right now, this really is your down side, 38.50, so you’re basically looking at $1.60 or so of downside risk here on a $40.00 stock, that’s not a bad risk reward so I think Microsoft ( NASDAQ:MSFT ) is going to work.
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