Searching for a Google Play

I don't put a lot of faith in the action of a stock the day it is set to report earnings unless that action is extreme. The action in Google (GOOG), even being red on a generally green day for equities, isn't extreme. It may be a sign of caution for those who have enjoyed a huge winner, but who can blame them? The stock is up about 30% already this year.

Options are pricing in a move around $38, which doesn't seem too bad. Based on the price chart for GOOG, I see $880 and $955 as possibilities by Friday. If the company tosses out an extreme disappointment for the quarter and guidance, I would say even $850 is possible....220 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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