stock marker will fall out of bed tomorrow

[Robin]

Originally Posted by Robin

Google fell $23 today - (5% ish I think) but I won't be getting back on that train. It reminds me too much of when Amazon went through the roof and then crashed down to earth. I personally think it will hit $300 before $600.

Wednesday 11th Jan: $475
Friday 20th Jan: $400

It's smashed down through the 20 day and 50 day SMAs and is fast heading for the 100 day SMA of $372. If it drops through that then the next support is probably the $311 of the day before their last earnings report.

[Robin]

Originally Posted by Robin

Wednesday 11th Jan: $475
Friday 20th Jan: $400

It's smashed down through the 20 day and 50 day SMAs and is fast heading for the 100 day SMA of $372. If it drops through that then the next support is probably the $311 of the day before their last earnings report.

Wednesday 1st Feb: $380



It's climbed a bit back up to 400 and met strong resistance and is now falling again. 370 is the support level - if it drops below that I may buy back in but only 3 days after it bottoms, just to be sure. GOOG is a good stock but it's just been too high lately - at the right price it'll be very worth it.