is this a gut feeling or a stomachache or a woman's intuition? Gut feelings are not known to survive trading very long. Of course that just my indigestion talking
Barron's 1, Google 0 Since when does Barron's dictate the price of Google? maybe I should subscribe if they are that good, so much for that $1,200 per year dollar newsletter I subscribe to. eek: http://www.businessweek.com/ap/financialnews/D8LLM33G0.htm:
Timing is everything. It just happens on an overbought and extended market. Do you think people will care if they bash GOOG after good earnings announcement?
An interesting Technical and Fundamental Research about GOOG: http://www.3stocksonfire.com/trading/index.php?topic=7216.0 5. General Overview I actually think GOOG has a lot to grow over the years, and maybe even be the first company in the history of the world to reach the mythical mark of $1 trillion market cap. The risk to this scenario is the competition, possibly being attracted to GOOG's high margin business. I also have some short term concerns: there has been some increase in the number of shares outstanding and Q4 earnings estimates of $2.88 per share seem hard to beat. The weak volume confirms this suspicion I have that GOOG won't hold current levels for long. 6. Trading Plan My trading plan for GOOG is to wait for a correction to get in, maybe after the short fall of the 4Q numbers. I'll keep monitoring the stock and waiting for an entry point closer to the long term ascending trendline, which now stands at $399 (it rises $0.55 each trading day, so in 40 trading days it will be at $421).