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For small investors and traders without the resources of major funds, the price action is a cheap road map.
After what happened to Microsoft stock on its superb report we now have to be a little concerned.
Wall Street's cool response to Microsoft's strong earnings report, and its harsh response to SAP's mildly disappointing report, shows that many enterprise software stocks are now dealing with a small margin of error.
We cannot rule out new lows for a move down in the weeks ahead.