Wednesday, December 19, 2007

Lazy Day Replay

GOOG yesterday: 673.35
GOOG today : 677.37

See "GOOG Boring", 12/14/2007.

You see, when I do something, I expect an immediate response. When I sell a stock that I intend to buy back at a lower price, I expect a swift decline to my target level, so as not to draw out the transaction unduly. It's the oinker in me.

GOOG, accustomed to messiness in the marketplace, is showing signs of going the other way, first. Note that I say "first". I fully expect GOOG, by and by, after it's knocked up against 700 a couple more times, to fulfill its technical destiny by checking the lower 600's again. It's the realist in me. The hopeful realist.

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