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July 20, 2007


Stock Du Jour (GOOG) & Random Observations

Nice day of buying, typical trend day.

Notable New Lows: Vonage (VG); value traps LEE (LEE) and Media General (MEG); Hershey (HSY); Blackstone (BX); bunch of Bancorps; and our old new low friend, the UltraShort Q’s (QID).

Notable New Highs: Juniper (JNPR), IBM (IBM), Schlumberger (SLB), Freeport McMoRan (FCX), and Clearwire (CLWR).

Google (GOOG) missed earnings and took a hit after-hours so I’ll feature the chart.

UPDATE: Read the Flash from the Credit Suisse analyst (who has a $600 target on GOOG) … bottom line:

“With the stock trading at roughly 28x despite an EPS growth rate in excess of 30% over the next three years, we believe the risk/reward in owning GOOG remains heavily in shareholders favor.”

GOOG

This entry was posted on Friday, July 20th, 2007 at 8:38 am (utc+8) and is filed under Trading and Investing.

2 Responses to “Stock Du Jour (GOOG) & Random Observations”

  1. John said:
    July 21st, 2007 at 12:18 am

    Hey Maoxian. What is the sentiment regarding FMCN in China? They are in “quite period” so have not heard anything other than what’s being reported by Reuters. Since you are in China, I thought I’d ask. Cheers.

  2. C. Maoxian said:
    July 21st, 2007 at 8:32 am

    John: No idea, but I patiently wait for the masses to rise up and smash all these screens that violate public space.

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