There's been a bull market on Wall Street for the last few years, but over the last 52 weeks, Google has stopped participating. It's been left behind, making a series of lower highs and lower lows. When Apple went through this funk a while back, I kept telling people the price would 'drop until it stops'. Meaning - nobody can call the bottom. The irony is I *did* call the bottom in Apple, but it's a matter of sheer luck.
With Google, all I'll say is the stock looks like it wants to go lower. How much lower I can't say exactly. However, I would be stunned in 500 held. I don't believe it will and it's my opinion Google is a buy below 500.
With Google, all I'll say is the stock looks like it wants to go lower. How much lower I can't say exactly. However, I would be stunned in 500 held. I don't believe it will and it's my opinion Google is a buy below 500.