Friday, April 07, 2006
Trading GOOG (as of market close, Apr. 7, 2006)
GOOG (Google Inc.) is a world famous stock that is actively traded on NASDAQ, averaging 7 million shares per day.
The stock closed today at $406.16, down $5.02 for the day, Friday, April 7, 2006.
Short-term, we see GOOG able to re-test the $413-$414 resistance level very soon. This means that if you want to unload, there is likely a better price waiting for you. In other words, it is better to hold rather than sell, if you're long and hoping to get a somewhat better price in a few days. But if you're short or want to be short, you know what you should do without the need for more advice. After all, shorts are usually smarter and more knowlegeable players than longs. 'Nuff said.
As for longer-term outlook. That's a secret, not that we don't have a good forecast there, because we certainly do. But that information will cost you A LOT. And if you have to ask, you can't afford it. However, if you watch our short-term revelations, provided free here, though not as an obligation, it will not cost you anything, but help you make money. Sure, you may need to visit more often, but it's not hard work.
From $406 to $413-$414 may be just $7 to $8, but $700-$800 per round lot can sure buy you some good dinners.
That's all for now. Happy trading GOOG.
The stock closed today at $406.16, down $5.02 for the day, Friday, April 7, 2006.
Short-term, we see GOOG able to re-test the $413-$414 resistance level very soon. This means that if you want to unload, there is likely a better price waiting for you. In other words, it is better to hold rather than sell, if you're long and hoping to get a somewhat better price in a few days. But if you're short or want to be short, you know what you should do without the need for more advice. After all, shorts are usually smarter and more knowlegeable players than longs. 'Nuff said.
As for longer-term outlook. That's a secret, not that we don't have a good forecast there, because we certainly do. But that information will cost you A LOT. And if you have to ask, you can't afford it. However, if you watch our short-term revelations, provided free here, though not as an obligation, it will not cost you anything, but help you make money. Sure, you may need to visit more often, but it's not hard work.
From $406 to $413-$414 may be just $7 to $8, but $700-$800 per round lot can sure buy you some good dinners.
That's all for now. Happy trading GOOG.
