Press Releases

Google's (Nasdaq: GOOG) Brush With The Bear

If Google (Nasdaq: GOOG) was gonna make a move, now would be a good time.

Is Google passe'? Has it reached Microsoft levels of bigness now? Are its stockholders abandoning it, and thus is the concept broken?

No one really knows, but the stock has been shaved by about 30% during the current decline. So Google is in a bear market for sure, no matter what criteria you use.

So here are two. First, the stock has lost more than 20% of its value of late. And second, the stock is trading below its 200 day moving average.

There, Google is in a bear market.

Now what? No one knows. They're making money, and are starting to spread their wings into everything.

Oh yeah.. that's it, they're now expanding beyond search and advertising, into telephones, and solar energy.

Uhmm.. they've made everything else work before, though...

We're just not sure, but the charts say that a major break below 480 could signal even more trouble ahead.

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He is the author of four books: "Futures And Options For Dummies," "Successful Energy Sector Investing," "Successful Biotech Investing" and co-author of "After-Hours Trading Made Easy."

In early 2001 Dr. Duarte in "Successful Energy Sector Investing," correctly predicted that Venezuela's political problems could lead to an energy crisis in the United States.

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