MSFT is not quite a dividend machine but almost. I am waiting to buy a new convertible clam
shell/tablet when the battery life is at least five hours, the tablet weighs no
more than an iPad and it runs everything like Quicken. I think everyone else is waiting for the same
product. Therefore, I am not so upset by
MSFT’s earnings miss.
Revenue did increase from $18 billion to $19 billion
and you cannot turn around a battleship quickly. I
have Aug. $33 calls and Sept. $35 calls. I expect the $35 calls to expire without
action and maybe even the $33 calls. I
will decide what to do with those positions at that time.
I like to harvest profit and therefore, I will stop
the remainder of my position at $31 for an eleven percent gain not counting
dividends and covered call income. If
MSFT drops below $29, the yield plus covered call options could make me buy it
back.
Only
you can decide what is best for you.
TheMoneyMadam
