The Last Google Eve

Not for Google—for The Google Opinion.

Too many other things going on now. All Google Evers should take to their own holes, now and in the future, to celebrate Google Eve, each in their own way. Google will always be in my heart (and my portfolio), but it's over the hump now. The Google Express has left the station and is chugging along, on its way to Hallelujah Land.

As Google Goes...

...so goes the portfolio. GOOG got slammed today (don't ask). It closed down a tad over 8%. The portfolio closed down a tad over 3%.

It's OK - GOOG is fine. Just a hiccup on the way back to Hallelujah Land.

Google Eve

It's Google Eve once again, and the faithful are gathering together in small groups or at home with loved ones to reflect on the blessing that is Google and swap stories of joy and regret that have come their way over the years.

The stock, GOOG, has been on a long run, achieving one all-time high after another, and consolidating its gains on small pullbacks that strengthen its trajectory. We don't know what tomorrow will bring, but we're not worried about that now. We simply look forward to the future when we will all become filthy, stinking rich.

Hallelujah Land!

Tell the folks back home
it's the Promised Land calling
and the po' boy's on the line

For Google shareholders, it has been frustrating for the past five years to see the stock held back, while its competitors have soared, simply because traders don't understand Google's unique genius.

Today, however, is a day to savor, because Google has hit an all-time high, at a time when all its competitors are being sold off with a vengeance.

File under: every dog has its day.

VRNG is disgusting, but I own a bit of it

GOOG touched $680.45, a 52-week high this week, then dropped back a cupla points. Looking good.

GLD broke out this week, hitting $162.33, also looking good.

Added a small-cap flyer, VRNG, a disgusting little patent troll, that is suing GOOG for everything. Small position - 0.12%.

Portfolio down fractionally on the week, but up 3% on the month, and 1.32% on the year.

I'm glad I don't have to look at ATPG anymore.

I'd like to buy back DE for a much lower price, but it keeps going up.

I have a 16.39% cash stash now and intend to be very patient in deploying it.

Humble Pie don't taste good

This past week, on a disappointing earnings report from DE, I sold my entire position. I also sold a fifth of my COP stake and threw out my nearly worthless position in the soon-to-be bankrupt ATPG.

Despite all this, the portfolio ended the week with an increase of 1.33%, which was entirely due to the meteoric rise in my now diminished GOOG stake.

Yay for GOOG.

My GOOG curse lifted

I've been waiting for a long time for GOOG to put a floor under $600 and make an assault on its all-time high. Each time, it fell through the floor like a Higgs boson.

Now, that I have sold 100 shares at $601 from the position I've held for the past 2 1/2 years, GOOG appears to have taken off, soaring $33 in the past three sessions, while I am left with seller's remorse.

Meanwhile, ATPG appears to be headed for zero.

Action Taken

Yesterday, in after hours trading, I sold 20% of my GOOG position to raise cash for picking up a little AAPL on the cheap.

AAPL was down 4.32% from yesterday's close, following a rare, but substantial earnings miss. I aim to bide my time, looking for a good entry point.

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.

GOOG Pops!

It's been a while since GOOG popped after hours without fading into a loss. Tonight, after a good report, GOOG initially ran up to around $613 and then fell back to around $605, only to creep slowly back up.

Lookin' good.

Google Eve

The second quarter is usually weak for GOOG, although the company has never turned in a bad quarter - it's just that the analysts' guesses are not very good during the summer. Anything could happen tomorrow.

Risk On!

It's beginning to appear that this correction bottomed about two weeks ago when Goldman Sachs recommended shorting the S&P 500. I love it when the smart guys are caught leaning the wrong way. I hope it doesn't happen to me.

The portfolio remains 96% invested in equities. Recent additions, KMR and ECA, are up 10 and 13 percent respectively.

This could be the start of something big

I sense a point of inflection.

Comment

Up big yesterday, backed off a little today. Still way in the hole.

No Comment

Comment

Good day for me. Portfolio up 1.53% from last Friday.

Comment

The portfolio was up a smidgen, today.

Recent changes:

I bought small positions in SD and KMR, which is the same thing as KMP, except better and cheaper.

Yesterday, I sold a bit of COP, to keep my hand in and raise a little cash.

Comment

Everything up big today—short covering rally.

No Comment

Life after Memorial Day

GOOG popped, then fizzled, but the rest of the pack, sans GLD, were up smartly.

The portfolio was enhanced by 1.28%.