Tuesday, April 29, 2008


i continue to believe that the guys running goog are a heck of a lot smarter than most of the guys on wall street doing research reports on the company. that's not a bold statement...but the extent to which the analysts underestimated last quarter's earnings prove my point.

the stock is still in a trading range and is working off the profit-taking that is inevitable after the big price adjustment. but the stock is testing the 200-day simple moving average and has already surpassed the 200-day exponential moving average.

i continue to believe that as the stock breaks through these barriers, the next stop on this train is about $650 or so.

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