$Microsoft(MSFT.US)

Microsoft’s strength hasn’t really surprised me. When Treasury yields start getting out of control, the market tends to make its preference pretty clear: cash flow matters, and Microsoft is exactly the kind of name that benefits from that rotation.

I’ve still been DCA-ing, but now I’m starting to struggle with where the exit point should be. Breaking the previous high doesn’t look particularly difficult from here, but the real question is whether to trim before earnings or just let the position run into the report.

Sometimes the hardest trade isn’t knowing when to buy—it’s deciding when to stop being patient.

@Captain's Treasure