Google Reports Stellar Earnings In A Horrible Market!
Google (NASDAQ: GOOG) and General Electric (NYSE: GE) announced Wednesday that they'll work together to integrate electric vehicles, renewable energy and "smart grid" technologies into the nation's electric grid. more here http://stocktoprofit.com/alternative%20energy%20stocks.html
Google has been added to Piper Jaffray's Alpha List with a price target of $785, with two potential catalysts:
1. September Quarter Expectations. Firm does not think that the September quarter will be as bad investors think (shares are down 18% in the last three weeks). While they are slightly reducing numbers, PJ believes that concerns over slowing organic UK growth are overblown.
Google Launches Cloud Operating System, Calls It a Browser
Posted Sep 02, 2008 10:27am EDT by Henry Blodget
Back in the days when Microsoft was an unabashed monopoly, the company's strategy was "link and lever" -- as in link new products to the Windows operating system and lever them into a dominant market position. Those who once used the market-leading Lotus 123, Notes, WordPerfect, and other programs will remember how effective this strategy was.
The closure of the down gap on the 60 minut chart has failed. $495 is noe the resistance and prices are now in a short term down trend. Prices have already printed 3 consecutive down closes. Support at $460-465. I would not be a buyer here but rather wait to see if the support holds.