Equivolume Charts -- GE, MSFT, INTC, CSCO, S

these symbols had the largest volume on Friday (11/14/08) of the S&P 500 components, excluding financials. same freakin' list as last time, though Cisco had a little higher volume than Sprint. considering the list is the same, I'll post the weekly charts instead of the daily ones this time.



a financial company, or not? I reserve the right in the future not to include it on these posts. the company insists they aren't going to cut the dividend. anyone with a brain interprets that to mean that they are going to cut the dividend. they just got approved for a LOC from the FDIC's TLGP, guaranteeing continued acronym creation through 2012.



the price approached the October 2002 lows on Thursday's free-fall, so the turn around came at the opportune time. still, with the break below 21 my current price objective is around 11 bucks. a lot of support levels promise to interrupt the path from here to there, but just think about the prospects for a company that sells superfluous zeros and ones to other companies that are having trouble selling anything.

a quote from the latest 10-Q:

For the remainder of fiscal year 2009, we expect revenue to continue to increase over the prior year as sales of the 2007 Microsoft Office system continue to grow.

a quote from OpenOffice.org:

The familiar user interface is easy to learn and use, especially for Microsoft Office users. Try it today!



the ultimate price objective looks to be about 8, though realistically this could find good near-term support in the 11s. balance sheet looks to be in decent shape from what I can tell. a good dividend and a lot of cash to keep paying it during the lean times.



I wouldn't be betting on too much more downside in the near-term. nothing's really jumping out at me here. put me down as 'neutral'.



this is what happens when you get $20b into debt.

Sprint isn't the only company with that much debt.

ergo, bear market, debt deflation, dollar enlargement, contraction, call it what you want, it's not over.