I don't know which way this market is going, and neither does anyone else. I do know Microsoft is embedded in practically every workflow in the country. As a tech worker, it's also my observation that they've been remarkably on the ball since Ballmer vacated.
Things are weird right now, and I wanted a solid company that had taken a hit, that I also wouldn't mind averaging down on if the market continues to shit. MSFT fits the bill, and even if we see another magical rebound, it's not like I'm gonna say “dammit, I have stock in Microsoft.”
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