Wednesday, May 16, 2012

A few lousy days later

The only thing up today was GOOG, and it was way up: almost $18. Not sure why—some noise this morning about Google taking control of the Android platform that roused the short sellers from their slumbers. Technically, GOOG is looking way better than AAPL—I'm going to enjoy it while I can.

A while back, I made the rash statement that GOOG had moved into a new range between $600 and $900, and would not fall below $600 again. I was immediately rebuked by the market (Yahweh). But now (timing is everything!), I believe that a floor at $600 is in place, at least for the time being.

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