Google Reports After Bell, Buy on Strength
Shares of Google (GOOG) are setting themselves up nicely today with earnings due out after the bell. The stock has risen 2% as of 3:17 PM EST and is up close to 10 points trading above $500 once again. Playing this stock is simple, buy with a heavy volume break above $513 which will most likely come after hours, and look to get out of any current position if the stock doesn’t meet expectations. History tells us that Google overall is volatile with its earnings reports, so expect movement one way or another.
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Posted by Blain Reinkensmeyer on January 31, 2007 at 3:20 pm --
[...] Over the last 13 minutes, shares of Google (GOOG) have SOARED during pre-hours climbing all the way from under $500 to a real time last at 9:11 AM of about $518 a share. After falling after hours yesterday to nearly $470 the stock rebounded and closed in the $490s, and now it is very apparent the bulls have taken complete control. From my Google post yesterday citing to buy on strength, we know that Google is a buy at these levels. Look for the stock to open above $513, should be a fun one today. [...]