Stock Chart Analysis MCRS

Posted by downtowntrader | 12/09/2007 10:11:00 PM | 1 comments »

Stock Chart Analysis MCRS

MICROS Systems, Inc. (Public, NASDAQ:MCRS)

While I'm thinking the markets will have a pullback over the next few sessions, I am still bullish overall. MCRS is a stock that I can possibly buy in a couple different scenarios. If the market strength continues, then I can play MCRS as a triangle breakout with the recent bounce off the 20 day sma as a possible stop loss area. If the markets are weak, then I may look to buy MCRS towards the bottom of the triangle, since the odds are that this will prove to be a continuation base. If the second scenario presents itself, I would still look for it to turn back up before buying. In either scenario, the end result is to looks for the stock to eventually clear the current base and move towards $80.

Good Trading,


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  1. Anonymous // 12:45 AM  

    After 30 years why doesn't Micros own its niche?

    In a phrase, the bean counter CFO is too cheap to invest and the CEO doesn't have the vision of a technology company, so Micros languishes as a leading T&E POS vendor. 30 years and it still can't own this tiny POS niche? Hasn't even broken a billion in revenue. Hasn't expanded into new markets. What is the investment opportunity?

    I'm one of the Sales Guys. I come from the real tech sector, the one lead by the full name, Microsoft. Let me give you some insider insight. The company is built around disincentives. The bean counter mentality is to bilk the sales folks for as much labor as possible before paying commissions. The expectations is for 40 hours a week of account maintenance and overtime for new business. The turn over rate is running about 30%. Sales folks have been voting with their feet. 30 years of failing to own restaurant POS tells the story.

    After 30 years Micros still has a handful of major competitors and constant new arrivals. They saved the dime and keep spending millions to be a dominate player in a small segment of the POS market. I'm leaving to make some money, you should consider the same with your investment too.