Friday, March 10, 2006
Stocks are looking brighter this morning after a positive jobs report from the Labor Department. But there's one stubborn stock in my stable: Google. It's easy to see why there has been so much profit taking on Google recently. Although not an easy thing for me to see. But a lot of us small investors are awaiting for, what we think is inevitable, the inclusion of Google into the SP 500. When and if the announcement is made, the price of Google will surge first on the news, and again when added to the SP as institutional investors and index fund managers start buying shares. So for now I can turn my back on a small profit on Google for what hopefully turns to a less modest gain. And more importantly, a long term gain.
Posted by chris at 9:08 AM