Friday, July 20, 2012

GOOG Holds Gain

Today, GOOG held on to its after hours gain from yesterday to close at $610.82. Since Google Eve, GOOG has added just over $30 to its share price. It has now retaken the high ground, setting itself up for yet another run at $700. Google's relentless earnings growth keeps raising the bar, despite constant skepticism from traders.

Ex GOOG, the rest of the portfolio turned in a net wash performance with COP and C leading on the downside, and DE, OIH and SD adding upside, while ATPG continued to melt like an ice cube in the sun.

Nevertheless, thanks to GOOG, the portfolio eked out a gain of 1.13% on the day, bringing the weekly and monthly percentages, refreshingly, into the plus column.

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