The downdraft of yesterday's 3% sell-off for Google continued today, which could be a signal of a 'rejection' at new highs. However, it still could be profit taking after a nice run up considering how far the stock rose in such a short period of time. And Google remains above the moving averages, so nothing is 'broken' yet as they say.
When I said I wouldn't buy at 700 and to wait for a sell-off - no, this isn't quite enough. I'd wait for a break towards 650 at the minimum considering you could have bought near 620 a month ago. This stock experiences wild swings. If you are waiting to get in, be patient.
Short term rating = HOLD
Long term rating = HOLD
When I said I wouldn't buy at 700 and to wait for a sell-off - no, this isn't quite enough. I'd wait for a break towards 650 at the minimum considering you could have bought near 620 a month ago. This stock experiences wild swings. If you are waiting to get in, be patient.
Short term rating = HOLD
Long term rating = HOLD