GOOG indicator update
Posted on Wednesday, January 25, 2006
at 8:24 AM (permalink)
The GOOG indicator is my contrarian approach of buying Google stock when the lead tech bloggers say negative things about GOOG, and selling when they are positive. Yesterday there were several predictions that GOOG would fall, so I bought ten shares at $437. The stock closed at $443.03. I'll hold this position until I see positive comments on GOOG, at which point I'll sell. Does the current fuss about Yahoo supposedly conceding the search market count as a sell indicator? No, because these are statements about Google as a company. Companies and their stock are two distinct entities, which is my whole point. Too many people in the blogosphere mistakenly think they are the same.


