DayTrading with Anni: A Blog about Stock Trading & Life: The Daily Note

Monday, April 18, 2011

The Daily Note - It's GOOG, Once Again.

It's really good to know that at least some had/have integrity at Google. I am referring the the story published by Business Insider regarding Sergey Brin, who appearantly threatened to quit because he disagreed with the majority leadership buckling to China's demands of censorship.

I know what Google allowed cost suffering for quite a few dissidents in China even before that 2009 incident. Which is why I wrote my article, "Google On My Mind" back in 2009.

I think integrity is honorable and I applaud Brin for speaking out against China's policy. I'm also not surprised that Eric Schmidt disagreed with Brin, when considering his favored stance and current position in government.

All that information may not have anything to do with Google's immediate woes on the markets but consider that perhaps it does give a picture about where Google is headed. Be it indeed a HAL born or will Brin's legacy keep it from trespassing upon us? A question indeed of integrity and the forever fight between freedom and tyranny. Yes, once again, Google is on my mind.

I will not quit trading them once again, since I have been trading them since and will continue to do so. But what also prompted this story is that I have once again examined their chart, and found that, just perhaps, there is more to the (hi)story as we lay it out on a longer time frame. Which, in this case is a monthly chart. Simply stated, GOOG may indeed have a recovery act hidden up its sleeves in the long run. Take a look at the monthly chart below and compare it to the dailies I've posted on chart.ly.com to get the full picture.

I do not want to get anybody's hopes up because indeed it's a long time frame yet I may not have come upon this outlook had it not been for a question tweeted to me by someone caught on the wrong side of earnings. Reinforcing the philosophy that no question deserves to be ignored, since it will lead one to discover new views ahead.

$GOOG looks on this monthly at a juncture. Breakdown and failure of a reverse/inverse head and shoulder pattern, or it will bounce and continue with a breakout to challenge the previous high. This question makes for the current $527 hold even more crucial for the long run.

Happy Trading, Living and Dancing
Anni

The Daily Pick - $GOOG

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Day Trading with Anni is a blog and website intended for education, entertainment and information only. The content provided herein is not to be construed as recommendations to buy or sell stocks of any kind. They are simply the opinions of the author. It is possible that the editor of this blog may own, buy, or sell stocks presented. All readers, traders, or investors should consult a qualified professional before trading any stock. The author is not an investment advisor. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts made by the author are committed at the reader's own risk, financial or otherwise.That said, all content is under copyright by the author.

QUOTES ON TRADING AND LIFE

Truth will never be heard, felt nor seen by those who are scared of it. 8/19/2014
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In trading, as in life, insisting on being right may only result in a booby prize. 8/12/14
"Caution is a friend, Fear is an enemy" 10/21/13 Anni
Dance for yourself - If someone understands, good; if not, then no matter, just go on doing what you love ~ Louis Horst
"In Trading, when on the right side, patience is the key, but if you're not sure, patience will not serve you well." Anni 2/1/12
Rationalizing can make you blind to what is.
"The idea of unions is not a bad one until you realize that it fosters dependence on those who wish to control your capacity to earn and how to spend your money. 1/2012 AnniV
"Happiness is a choice not a wonderful arrangement of circumstances" Woody.G. Perry's NYE 2011
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When looking at a country look to the success of it's middle class not the richest of its citizens. Twitter post by Anni 8/24/2011
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It's all about blessings, some sooner some later .. always available .. some know when they receive it some don't see it. The lucky do. Anni 1/4/2011
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