Monday, November 26, 2007

Google Rebound


Remember that huge hit that Google took not too long ago? Remember the post that I had put out saying that is was a buying time for Google? Looks like that would have paid off by now for any reader who had heeded the advice as Google stock is creeping back around the $700 dollar mark again, even though it has just received a price target of $900, I do not see the stock reaching that price point until May at the soonest, we will see if I eat my words or not but the statistical data supports a longer range time frame to reach such a lofty price. Huge gains for anyone who nabbed it when it was very much closer to $600. In other news, Apple is also up recently with the help of the iPhone launch in Europe, and the availability of an exorbitantly priced unlocked iPhone for roughly $1,499, as well as higher phone bills in comparison to the United States. That coupled with Apple's commission from contract fees should help elevate the stock even higher by early December.

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