Google Gets Support, But Will it Last?

I feel obligated to report that Google (GOOG) is trading back above $480 after a huge buy surge came around 9:55 AM. The stock was down at about $478 then shot up to $482 with a staggering 427,000 shares traded in literally 5 minutes. How much money is that roughly? About 205 million dollars. Now, I called Google a short under $480, and though the day is far from over, this price move should be brought to your attention.

More on this topic (What's this?)
The Trend Is Your Friend? (Financial Armageddon, 12/31/06)
Google Patents: a good idea that needs some work (Pharma's Cutting Edge, 12/14/06)
YouTube Launches Click to Buy - Order some Google (Stocks and Blogs, 10/8/08)
Read more on Google at Wikinvest


-- Posted by Blain Reinkensmeyer on December 14, 2006 at 11:07 am --

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