Thursday, February 01, 2007

Google

Google is the headline stock of the day. The earnings were good, and the chart was poised for a breakout. However, the price action in the stock fizzled. I would lean towards the long side, though neither side is compelling at the moment.

Someone else pointed out that Google is a relatively low volatility stock, in terms of historic price action (chart). The large point moves translate into small percentage moves.

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