The smart money, which is to say the guys who predicted the Dow would go to 5,000 in 2008, is now saying that GOOG is destined for 480 soon.
Yesterday's action made me think that we have seen the near term low at 520. Today's action - up 9 plus - makes me think I'm right. If GOOG closes strong (9+), I'll be reasonably certain of it.
The smart money doesn't see it that way.
Everyone is entitled to an opinion
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- Larry Blumen
- This started out as a high school reunion blog, but turned into something more personal when I ran out of things to say about my classmates. I was younger then, I'm older than that now.
5 comments:
With vigor, GOOG reached 545 (+13) by midday, but succumbed to profit taking into the close (541.06 +8.37). So the future direction for GOOG, near term, is uncertain.
Is online business smart money too?
Resia: not for me - I haven't monetized "The Google Opinion", but some people make a lot of money with their blogs.
It looks like the smart money was wrong this time.
In the fulness of time, every right thing is wrong, and every wrong thing is right.
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