### Comment:
The ol' what goes up must go down. That's not a valid argument for a short thesis though. Do you believe they are overvalued? Do you believe the ER is gonna be bad or priced-in? That might be correct arguments but it'll still go up since Papa Nadella will fire the rocket engines.

### REPLY:
No, but historically, MSFT drops the following day of earnings and spikes back up two days after earnings.

### END.