Monday, June 30, 2008

GOOG the Eskimo

GOOG Today: down $1.65 to $526.42

Full disclosure: I sold half my GOOG today. In the name of capital preservation and sleep preservation, I did it, but only if I could get my cost out at $535. So I put the order in yesterday and got it today. At close of business, I declared napalm.

Then, on Fast Money tonight, this guy from UBS comes on and says Google is going to be the big story of the second half. And their channel checks showed the mighty GOOG sucking in dough at a prodigious rate. GOOG makes the buck-sixty-five back in about two minutes. The outlook is bright.

Everybody's in despair
Every girl and boy

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