A gentle rally to start the day in the b…

A gentle rally to start the day in the broader stock markets and in the precious metals too.  And our portfolio’s up gently this morning too.  Let’s be gentle traders today, shall we?  Meaning, let’s not force anything but let’s dig in and look for some opportunities to trade without feeling pressure that we have to.  Said another way, let’s only swing at great pitches, but we need to continue to stand at the plate and see what the market’s throwing.

And on that note, Microsoft is to buy Skype for $8.5 billion or about 10x Skype’s sales but less than 20% of Microsoft’s current cash balance and equal to about four quarters of cash flow at Microsoft.  And the market takes the stock down 1.7%.  More on that in a bit, but the upshot is that I think this was a very smart buy for Softee and I might look to add some more common there today.