I said last week not to rush into Google, that better prices would be in the offering and it didn't take long for that prediction to come true. Google is selling today, down over 2 percent in sympathy with the general market and Nasdaq in particular. Tech is weak and Google is now solidly below it's 50 DMA and sinking towards the 200 DMA. Is this selling just profit taking following the post-earnings explosion or is this for real?
Google 'feels' like it wants to go lower to me. No, 'feels' isn't a trading strategy and I certainly wouldn't fault you for picking up a few shares in the 625 range. However, patience might get you a lower price. Watch for a fade of the stock towards 600.
Short term rating = BUY
Long term rating = BUY
Google 'feels' like it wants to go lower to me. No, 'feels' isn't a trading strategy and I certainly wouldn't fault you for picking up a few shares in the 625 range. However, patience might get you a lower price. Watch for a fade of the stock towards 600.
Short term rating = BUY
Long term rating = BUY