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Tuesday, April 04, 2006

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.

3 Comments:

Blogger jmcnich said...

Whats your opinion on BGO? Buy or Hold?

Thanks

4/05/2006 10:15 AM  
Blogger Big Ben said...

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.

4/05/2006 7:19 PM  
Blogger elite_investor said...

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

4/10/2006 2:29 PM  

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