Keith Watanabe * NET 2.0

fattening up the lamb for slaughter....
By: Keith Watanabe
Published On: 10-24-2005

or so this would seem for Google's constant skyrocketing stock ticker. friday was a monstrous leap of $36-$39/share. that's insane! of course, they reported record earnings (as usual) but this is one of the rare cases these days where a company's positive earnings actual draw a real ratings hike. look at other companies who report earnings/profits and you'll see people selling off immediately. everyone on the google bandwagon seem to be there for the long haul with the buy and hold mentality. still i'm warning people ahead of time that like technology, you don't have a single dependency for this type of deal. of course, without having seen their actual shareholders' profiles, i have no clue who's buying their stock. in the case of institutional investors, i can see why they're doing it. but the average day trader should stay away unless they plan to pad their stock with other competitors or round out their portfolios.

Tags: stocks
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