After Strong Surge, Is Microsoft Still Dead Money

Perhaps you can teach old tech new tricks; that’s the chatter on the floor with shares of Microsoft shooting 7% higher in only a handful of days.

In fact, Microsoft has added nearly 16 billion dollars in market value since the year began a little over a week ago.

Of course it’s hard to forget that Microsoft shares have gone nowhere for years – and that begs the multi-billion dollar question - after the surprising surge is Microsoft still dead money?

Trader Dan Nathan thinks it is.

He believes the current advance was triggered by a seasonal phenomenon. “We see this often, as we head into CES, under performers rally on false anticipation of good news. And the latest chatter suggests PC sales in the last quarter were not good.”

Traders Joe Terranova, Tim Seymour and Karen Finerman are on the other side -- they're all bullish.

“The business division at Microsoft is doing well and Windows 8 is coming,” says Terranova. “Also the dividend yield attracts investors.”

“Xbox and the new Windows smart phones are also catalysts,” adds Seymour.

And the stock is ridiculously cheap,” adds Finerman. If things do turn bad, other stocks do a lot worse!”

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Trader disclosure: On January 10, 2012 , the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Nathan is long AAPL Jan puts; Nathan is long BAC Jan puts; Nathan is long MS Jan puts; Nathan is long NFLX Jan calls; Nathan is long INTC Jan put spreads; Nathan is long MSFT puts; Terranova owns APC; Terranova owns OXY; Terranova owns XOM; Terranova owns VRTS; Terranova owns IBM; Terranova owns CSCO; Terranova owns AXP; Terranova owns SBUX; Terranova owns CSX; Terranova owns SWN; Terranova owns AXP; Finerman is short AAPL calls; Finerman owns BAC; Finerman owns JPM; Finerman is short IBM calls; Finerman is short MSFT calls

For Wendell Weeks
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CNBC.com with wires.