Don’t Forget About Google (GOOG)

Don’t forget about Google, that’s something I never thought I would say. Nut amid the hoopla of Apple Inc. (AAPL) and other high flying mo-mo stocks, Google Inc. (GOOG) has been forgotten somewhat by active traders. The stock is not leading the market and remains off highs, but I think it’s in the game for higher prices above the $620 area.

GOOG has been basing since earnings and now the pattern is getting tight. I would be in tier one around here, and will look to add if it ignites through $620. The first move is $624-626 for cash flow, and then will look to hold smaller core for new highs at some point this year. Stop would be $613.

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Disclosure: Long GOOG

About Scott Redler 367 Articles

Scott Redler is the Chief Strategic Officer of T3 Live. He develops all trading strategies for the service and acts as the face of T3 Live. Mr. Redler focuses on thorough preparation and discipline as a trader.

Mr. Redler has been trading equities for more than 10 years and has more recently received widespread recognition from the financial community for his insightful, pragmatic approach. He began his career as a broker and venture capitalist where he was able to facilitate relationships that led him into trading. Beginning his trading career at Broadway Trading in 1999, Mr. Redler moved on with Marc Sperling to Sperling Enterprises, LLC after establishing himself as one of the best young traders in the firm. As a manager at Sperling Enterprises, continued to trade actively while working closely with all traders in the firm to dramatically increase performance.

Mr. Redler has participated in more than 30 triathlons and one IronMan, exhibiting a work ethic that also defines his trading. His vast knowledge and meticulous attention to detail has led to regular appearances on CNBC, Fox Business, Bloomberg, and he is a regular contributor to Minyanville and Forbes’ Intelligent Investing blog. He has been quoted in the Wall Street Journal and Investor's Business Daily, among other publications.

Scott received a B.B.A. in Marketing/Finance from the State University of New York at Albany, graduating Magna Cum Laude from Albany's School of Business.

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1 Comment on Don’t Forget About Google (GOOG)

  1. As far as Google’s future, it appears to rest with the success of the future of Egypt due to their involvement in facilitating the overthrow of Mubarek.

    If radical dissidents or terrorist organizations hijack the leadership of the country, Google and American corporations who were involved in facilitating the demonstrations will be seen in a very poor light.

    It is not known yet whether or not they will lose the support of governments as a result of this last week’s actions of their staff. Anyone who believes they “just happened” to acquire a company on the date of the beginning of the demonstrations, “just happened” to have a team together to get an application for Egypt going within five days of acquiring that company, “just happened” to have a Middle East Manager who organized the demonstrations, who “just happened” to get detained the day after Google announced their application to facilitate the anti-Mubarek demonstrators, is crazy…

    Google’s future will rest with their reputation after individuals begin to realize the role a major U.S. corporation played in the overthrow of a leader of a country and the stability or instability which will result.

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