Google Rebounds Off $370, Nice Call Daytraders
Shares of Google (GOOG) today took a wild dip after news came out regarding google competing for China search engine marketshare. The stock fell from $476 to $470.01 over the span of 25 minutes (click below to see image).
This news was hardly bearish, and the smart fish played this stock to perfection. The stock slid as you can see to that bottom of $170.05. When I saw this live I noticed heavy volume support. Well, currently (real time) Google is at $477, just breaking new intraday highs and climbing back in the black on the day. Day traders have already made their money on this one, taking 1-2% profits depending on how long they held. Nice play guys!
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Posted by Blain Reinkensmeyer on October 30, 2006 at 11:09 am --
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