Microsoft reportedly in talks to buy stake in Facebook

Microsoft is reportedly in talks to buy a 5% stake in Facebook, the social networking site, according to the Wall Street Journal. Will the deal go through? It isn't clear. Rival Google may have its eye on Facebook as well. There are certainly synergies for each of Microsoft and Facebook:
Such a deal could help Microsoft better compete against Web search leader Google Inc for a growing base of online advertising and put one of the Internet's hottest names in Microsoft's camp.

Facebook, which already has an advertising deal with Microsoft, would benefit from closer ties with developers as it seeks to turn its site into a full-fledged Web platform where users can play games, interact and read news about each other, said Forrester analyst Charlene Li.
The article notes that "Microsoft shares rose 1.5 percent to $29.08 on Nasdaq." True enough. I had a chance to trade Microsoft today, going long just before the major market rally. That was the right position to have, but the market subsequently retraced its steps by 100%. Monk Fibonacci would have been proud of the movement that bears his name. (Bearing in mind of course, that a strong retracement indicates a weak initial movement.) And I shorted opportunely as well, learning the flexibility to reverse positions with the market. All fun learning for now.

But I only read about the potential acquisition after the trades.

It just goes to show that technical analysis trumps news, and that charts are the footprints of money after all.
The Law Offices of Michael H. Cohen offers corporate legal services, litigation consultation, and expertise in health law with a unique focus on holistic, alternative, complementary, and integrative medical therapies. The law firm represents medical doctors, allied health professionals (from psychologists to nurses and dentists) and other clinicians (from chiropractors to naturopathic physicians, massage therapists, and acupuncturists), entrepreneurs, hospitals, and educational organizations, health care institutions, and individuals and corporations.

Michael H. Cohen is Principal in Law Offices of Michael H. Cohen and also President of a nonprofit organization exploring legal, regulatory, ethical, and health policy issues in the judicious integration of complementary and alternative medical therapies (such as acupuncture and traditional oriental medicine, chiropractic, naturopathic medicine, homeopathy, massage therapy, energy healing, and herbal medicine) and conventional clinical care. Michael H. Cohen is author of books on health care law, regulation, ethics and policy dealing with complementary, alternative and integrative medicine, including Healing at the Borderland of Medicine and Religion, Complementary and Alternative Medicine: Legal Boundaries and Regulatory Perspectives (1998), Beyond Complementary Medicine: Legal and Ethical Perspectives on Health Care and Human Evolution (2000), and Future Medicine: Ethical Dilemmas, Regulatory Challenges, and Therapeutic Pathways to Health Care and Healing in Human Transformation (2003).
Sponsorship Sponsorship
Health care and corporate lawyer Michael H. Cohen has been admitted to the Bar of California, Massachusetts, New York, and Washington D.C. In addition to qualifying as a U.S. attorney, he has been admitted and to the Bar of England and Wales as a Solicitor (non-practicing). For more information regarding the law practice of attorney Michael H. Cohen, see the FAQs for the Law Offices of Michael H. Cohen. Thank you for visiting the Complementary and Alternative Medicine Law Blog.