GOOG: bought today

I bought Google (GOOG) today on the Nasdaq exchange at USD 612.6475, expecting that the price will bounce back quickly to USD 660.00

Evaluating Google

After selling Google (GOOG) on 9 November at USD 673.22 I had difficulties buying it back at a lower price; bought it eventually on 22 November at USD 670.00. After that, I decided not to try and follow every price swing and instead just wait patiently for the price to continue to rise to at least USD 800. On hindsight, this was a mistake.

Looking at GOOG's technical chart today I see the low of USD 480.46 on 16 August 2007 as the resistence and this was not broken with the recent low of USD 488.52 on 5 February.

Intraday yesterday, the pricce broke through the downward trendline but did not close above it, hence no clear indication yet of a reversal.

Bought Google

Three minutes after the open I changed the limit for my buy order for Google (GOOG) to USD 670 and this order got executed shortly afterwards.

Buy order for Google

I now regret not having bought Google (GOOG) at the open yesterday. Having read more good things about Google I expect its price to go to USD 800 before long, and I now place an order to buy GOOG tomorrow with a limit of USD 660. I plan to watch it at the open and change the order to market, if necessary.

Analysing Google

I'm not sure how far I can trust the buy signal for Google (GOOG) on the trendline. Stochastic has not yet confirmed it, and with the upcoming Thanksgiving holiday I decide to wait.

An alternative I considered was a naked put 620/DEC but I don't want to take this risk.

Sold Google

My sell order for Google (GOOG) gets executed at the open at USD 673.22, with a gain of 29.9% in 112 days.

Google in pre-market trading

Half an hour before Nasdaq opens, Google (GOOG) is trading down in Zurich and Frankfurt. Also at the Nasdaq, the price is down during the extended hours before the open. Therefore, I let my order to sell at market stand.

At any rate, the Nasdaq pre-open trading does not seem to give a clear indication of the price trend to follow after the open.

Analysing Google

I finally found a news report that might explain why the price of Google (GOOG) dropped sharply yesterday. It is an article in PC World datelined Thursday, November 08, 2007 12:00 PM PST. I never know whether 12 pm is noon or midnight but assume it is noon.

"After a frenzied build-up, Google, as you probably know by now, did not announce the gPhone. Instead, the company announced there might be a gPhone in your future. The announcement was heavy on future potential and light on current reality.

The basic announcement was quite simple: Google announced that the Open Handset Alliance (OHA) has been formed to create open source, Linux-based software for mobile phones and other mobile devices. With Google's clout, this effort may fare better than previous efforts along the same line, but we will not know for a while."

However, this is old news and I fail to understand why it should have affected the stock price only yesterday.

Sell order for Google

After today’s close at USD 693.84, I placed an order to sell Google (GOOG) at market at the open tomorrow.

I’ll see how it does tomorrow on the European exchanges and if the price is up I may change or cancel my sell order.

Google today

It is four hours after the market opened and I suddenly realise that I had forgotten to place the stop-loss order for Google (GOOG). Soon after the open the price fell below my intended stop of USD 695.00 but has begun to recover half an hour ago and is now at USD 692.37. I have now quickly set a stop at USD 680.00

Strictly speaking, I should sell only towards the close if it looks like it will close below USD 695.00

Stop-loss for Google

The time has come to give Google (GOOG) a stop-loss, and I place it at USD 695.00 today. If the rally continues – and I think it will – I may change it to a trailing stop later on.

Thoughts on Google

Every time I think that the price of Google (NYSE:GOOG) is about to peak another news story comes out indicating still brighter prospects. A recent story was the planned cooperation between Google and Verizon. Not as close as Goole would like, but it is a start.

One obstacle to wider Internet use on mobile phones is the pricing by mobile phone service providers. From what I see, in most parts of the world the user pays for each kB he downloads. What I would like to see is a low monthly flat rate for unlimited download. I guess we need more competition in this industry, real competition, before this will happen. Perhaps we need Google to become a mobile phone service provider. Google gave some hints at the Google Analyst Day on 24 October.

Analising GOOG

The price of Google (GOOG) dropped to the trendline on 22 October but has continued to rally. Yesterday, it closed at USD 668.51, well above the trendline, and stochastic remains high.

GOOG looks alright for today

20 minutes before the open the bid for GOOG is USD 630.11. I worried for nothing or, more likely, too early about a reversal. At the moment, the rally continues.

Evaluating GOOG

Yesterday, GOOG closed at USD 616.00 only minimally above the trendline. Stochastic gave a sell signal already the day before yesterday.

The stock has had an excellent run and I fear a reversal. At the open today I will watch it closely, with a view to selling it if indicated.

Evaluating GOOG

The trendline gave a sell signal on 4 October, stochastic already on 2 October, but I am holding on to GOOG for the moment and will see what Monday brings.

Google: preparing for sell signal

The price of GOOG has begun to move up and I am drawing a trendline to see the sell signal when it comes.

Bought Google

Seeing the sharp drop in price at the close yesterday, I buy GOOG today at 12:55:03 hours at USD 518.2094. The price dropped because the earnings for the second quarter were lower than expected by analysts.

Missed out on Google

I meant to keep an eye on GOOG after selling it on 7 June and am looking at it only today. Too bad, I missed the chance to buy it back on 18 June, after it closed above the trendline the day before. Now, I shall wait for the next opportunity.

Sold Google

I think I bought Google at the wrong time and sell them again, at USD 516.12, after only 2 days and minimal profit of 0.9%. I shall look out for a better opportunity to buy this stock again.