Bullish on Google, but Only Till Earnings
I'm a fundamental investor, though I do respect market technicians and their ability to read market swings and individual stock movements. So I'm not expert on this matter, but I'd call your attention to Google's (GOOG) yearly chart. This is the fourth time since January that the stock has traded up to the $620 level.
Each previous time, the stock has swung back down, and that was usually on some European news. There were earlier times when investors worried about CEO Larry Page's ability, or inability, to answer questions on the earnings call or on runaway headcount costs....363 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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