CHESSNOID

Google stock beat estimates even in this down and out economy. Maybe google is recession proof. Today the stock closed at 353.02 and after hours it is up 36.97 points which is about 10%.  Who knows, maybe google will ignite a major rally tomorrow.

I have always thought google to be a great leader in its industry.  They did just bump my PR down from 4 to 3 but it’s all good.  I think this stock will be a great long term investment. I remember when it went first public and skyrocketed 100 points. I thought I will wait till it comes down. Of course it never came back down. It just kept going up until it hit 747 in October last year.  Here it is now basically 50% off.  It is very tempting but I just can’t jump in till the whole economy at least flattens down.

Google may be able to outperform the economy in the short term.  I just think that advertising dollars are limited and is becoming less available.  The good thing about google is it seems to be diversifying.  Tomorrow will be a great day for google.