I think it’s my turn for the loss shame. I have been slowly DCA’ing and averaging down my MSFT position and trying to accumulate shares to sell calls and this is the status. Seemed great getting in after the earnings crash in January but I guess the tutes had other plans with me. I am only posting because luckily I am in shares and only am playing against time with one of the best companies on the globe. Plus I can sell calls to bring my cost basis down so if there’s income generation, it alleviates some risk to me. But it definitely doesn’t feel good.
I honestly like my average a lot and I’ve sold over $1,000 worth of calls since owning the shares so my true basis is ~ $414.
Some advice for the group, if you think it can’t go lower, just check and see if I own it, if so… it’ll go lower
https://i.redd.it/axmaz8fwulrg1.jpeg
Posted by Legitimate-File-248
7 Comments
Atleast you’re having shares, you will be fine
When is the bleeding going to stop? I am long at $400 and the charts don’t show support at all
I’m also buying up MSFT. It has good financials and prints money.
This feels all too real. As soon as MSFT earnings hit, it felt like getting crushed by a ton of bricks. I tried slowly averaging down my cost basis, thinking I was being clever… but it turned out I was completely wrong.
https://preview.redd.it/zdtibgl7xlrg1.png?width=750&format=png&auto=webp&s=2d955dd750835649b390f790beb20b8ee8c7abc1
Whenever I sell calls against my shares, it moons and I get stuck with locked in losses. Let me know when you guys want the bleeding to stop and I’ll sell some calls
It has some strong support in the 350s FWIW. I’m an ex employee holding hundreds of shares long, so it hurts to see, but my cost basis is 0.
Their cloud business reports record profits quarter after quarter, but most of the correction is that they’ve allocated hundreds of billions to AI build out in the form of cash and layoffs without much profit to show for it. Time will tell if that was wise or not, but I suspect Satya may have effed that up, but given that they are still extremely profitable, they should bounce back.