Tuesday, December 13, 2005

Google running out of buyers?

Yesterday I sold half my Google position, realising a 30% gain on my $316 entry price a few months ago.

Google was only up 0.8% for the day despite being added to the NASDAQ 100 and CSFB increasing its price target. This makes me wonder if all the good news is priced in for now and GOOG can at best tread water until the next earnings release.

Either way this stock has been a great little earner for me this year and I am happy to keep 6 shares in it so I can enjoy any further upside next year.

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