Google’s Golden Stock (GOOG)

October 4th, 2006 • Related • Filed Under




Google stock may have started the next phase in its rise to our projected price target of at least $550/share. As mentioned earlier in the week, a breakout to the upside was highly anticipated.

Today, the stock ended in positive territory, up $11.66 at the end of day and closing at $415.70.

I expect the bulk of the move to happen quick and last approximately three-four months before losing steam. Hence, it is recommended to initiate a position immediately if you have not done so already.

Also, place trailing stop losses according to the percentage pullback you are willing to risk.

More on this topic (What's this?)
Google Stock Shows Opportunity (Stock Trading To Go, 9/21/06)
Google Rebounds Off $370, Nice Call Daytraders (Stock Trading To Go, 10/30/06)
GOOGLE GUYS TRAVEL TO BRAZIL TO CHECK OUT BRAZILIAN ETHANOL (Ethablog, 8/26/06)
Read more on Google at Wikinvest

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