It's all good. Everybody loves Microsoft right now.
Consensus is comfortable. And I'm not afraid to buck it when there's logical reason to do so. If you're riding MSFT's bull run, beware of several things you learned or could have learned from one of 2013's darlings -- Best Buy (BBY).
One -- what happens with a stock doesn't necessarily reflect what's happening or will happen at a company. So feel free to ride the wave, but don't let on-paper profit, realized gains and/or emotion fool you into thinking a good stock equals a good company.
Two -- ignore the Wall Street analysts on names such as MSFT. These guys love consensus. They pile on it. It's like shooting fish in a barrel for them. They issue positive notes. They go into pump mode. They don't care what's taking the stock higher -- euphoria, momentum, false hope. Doesn't matter to the Wall Street crowd. They just pump. And tailor their analyses to fit the pump.
That's exactly what happened with Best Buy. The company's reality caught up with the irrational stock surge. The bottom fell out. And, even then, some cats on Wall Street refused to admit they were wrong.
See Gutless Wall Street Analysts Irresponsible on Best Buy for more on that.
Three -- I was trashed throughout 2013 for my hyper bearishness on Best Buy the company as the stock ran.