Tuesday, May 04, 2010

Google (GOOG) Breaks Through Key Support



The market is still open as I write this but I wanted to just give a quick update on Google (GOOG). The other day I mentioned that google was much weaker than the market and any downturn in stocks should take google through key support. Well that is precisely what happened. As of right now, google broke down through the all important 520 level. I'll have more to say about google as well as the stock market after the close.  

2 comments:

yapudan said...

Interesting.....but I think that we are close to a buying opportunity. Google is solid and I think you can count on them being back at 600 sooner than they would be a 400. Any thoughts?

Kevin said...

I'm leaning towards the bearish side.. but that's just my opinion.

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