Market Continues Upward & Google Hits $400
The markets look pretty good and I believe a lot of people still have a lot of money on the sidelines. Google (GOOG) finally closed above $400 for the first time since February. Funny how the bearish Barron's article about Google was the "bottom" of 2006 for Google.
posted by Big Ben at Tuesday, April 04, 2006
2 Comments:
jmcnich,
For a trade I would sell it between $4.70-$4.75 (on low volume). BGO has its share of pull backs. Nice support at $4.25. I still believe BGO is a long term buy. Note: I am just going to stay long and not trade over a couple of percent.
Trade at your own risk.
Google is another example of a good company eith bad stock. Their are a lot of similarities between Google and the pre OCtober 1929 market. I made a post about why Google is a bad investment a while back check it out. http://stockpickst.blogspot.com/2005/12/google-symbol-goog-started-seven-years.html
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