Seems like Google's on a BIG bullish movement now - would you go long or wait for a pullback?
Answers
2183 points
ChaosNantuko answered 9 months ago …
i don't think buying now would be a mistake either. You may be getting in for 5% more then otherwise, but given the volatility in this stock, that 5% won't make or break the trade. I'd say go for it
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321 points
charlo answered 9 months ago …
though alot of analysts are saying you want to hold cash rich companies, in these markets, that's not going to help all that much. just hold cash if you value liquidity. vol in these markets, especially tech, regardless how much cash you have, just doesn't justify pouring money in. GOOG has alot of cash, but in this market, one negative news you have wild swings.
if you want to play it a bit more safe, stagger your spending, whereby when the market does recover, your initial expected gain of 5-10% that you "lost" during volatile times won't matter a whole lot if you're holding this for medium/long term play during a more stable market. 2009/2010 wont' be stable years that's for sure. most trades will be short-term spec plays that will be news sensitive. fundamentals won't matter a whole lot.
GOOG is already down 6pc this week.
