PAIR TRADE
Long GOOGL @ $1,430.85
Short MSFT @ $199.68
2% each
Microsoft announced the permanent closure of their retail stores. The strategy never really made sense - Microsoft isn't really a hardware company in the way that Apple is. Sure, they have a few products, but they are pretty niche and premium.
Google is one that I continue to like the story and offerings. Everything is increasingly going to the cloud and can be done on a crummy computer inside of a browser - with the heavy computing done elsewhere, not on a local machine. Heck, Google announced expansion of "parallels" which makes running Windows apps on a Chromebook possible.
So I'll bet on the cloud and against old tech.
And the chart of GOOGL looks great while MSFT's looks over-extended.
Long GOOGL @ $1,430.85
Short MSFT @ $199.68
2% each
Microsoft announced the permanent closure of their retail stores. The strategy never really made sense - Microsoft isn't really a hardware company in the way that Apple is. Sure, they have a few products, but they are pretty niche and premium.
Google is one that I continue to like the story and offerings. Everything is increasingly going to the cloud and can be done on a crummy computer inside of a browser - with the heavy computing done elsewhere, not on a local machine. Heck, Google announced expansion of "parallels" which makes running Windows apps on a Chromebook possible.
So I'll bet on the cloud and against old tech.
And the chart of GOOGL looks great while MSFT's looks over-extended.
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