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Above $30, Can Microsoft Go Much Higher?

Does Microsoft have more game than you think? The stock hit $30 for the first time since May 2010, trading near a one-and-a half year high.

Considering the stock was considered dead money until quite recently, should you buy into the move higher?

Trader Guy Adami says you should. "I think it has further room on the upside. Everyone may be all jazzed about Facebook right now, but slow and steady wins the race,” he says.

Pete Najarian likes the stock too, even at these loft levels. “I see it as a bond alternative. And they have Windows 8. That could be a big catalyst,y” he says.

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Trader disclosure: On Feb 1, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Adami owns C; Adami owns GS; Adami owns MSFT; Adami owns AGU; Adami owns NUE; Adami owns INTC; Adami owns BTU; P. Najarian is long AAPL; P. Najarian is long BAC; P. Najarian is long C; P. Najarian is long JPM; P. Najarian is long WFC; P. Najarian is long MS; P. Najarian is long MSFT; P. Najarian is long QCOM calls; Murphy is long MTW; Murphy is long POT; Murphy is short WHR

For Kevin Landis
First Hand Technology Funds owns Facebook shares

For Rijay Rakesh
(QCOM) Sterne, Agee & Leach, Inc. makes a market in the shares of the subject company.
(RIMM) Sterne, Agee & Leach, Inc. makes a market in the shares of the subject company.




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