Google Earnings Report for 3rd Quarter 2010

… are good, very good. Google’s earnings report mentions revenue at $7.29B.  And in case they ever want to buy something, they have 33.4B in case or equivalents available. The market has reacted favorably to the news, sending the price up my more than 10% from yesterday’s closing price.  Read More →

GOOG Stock

GOOG price closed at the high for the week. As a matter of fact, the stock closed at it’s highest level since October 2008. Are we in for good times? While the stock and the overall market has performed relatively well since last fall’s low, the overall move up has lacked … shall we say, a little “ummhh”. The rally off of the low looks more corrective in nature than anything else. The rallies and declines are overlapping with no decisive breaks to the upside or downside. Still, the price movement is favorable for building a base to higher prices. At the very least, it looks like the... 

Google Stock Rising

It’s about bloody well time. Google stock price is picking up from the low back in November 2008 near the $250 range to the current price just norht of the $400 mark. The stock is above the rising 50 day moving average AND the descending 200 day moving average. If GOOG keeps this up for awhile longer (or at least maintains the current price level), then its good times ahead. Maybe. Or maybe not. The stock is well off its all time high near $750. Expect resistance near $410 as this previously represented support back in March 2008. To be perfectly honest, this rally looks like a corrective up wave in a downtrend....