-
Subscribe
Stock Market Analysis - 07-17-2008
The day was up a bit, but the volume support wasn’t there again. While this qualifies as a mild corrective bounce now, it looks like it may be difficult to continue the uptrend with GOOG and MSFT dropping 7% after their earnings calls failed to meet expectations. It’s interesting to me that if you search for “GOOG” at google.com as I’m writing this, the featured news article that comes up is the Fortune/CNNMoney article titled “Analysts: Google investors ‘freaking out for nothing,’” which goes on to say that GOOG is still doing well and you shouldn’t sell your shares.
Of course if you go to any other news site or aggregator they’ll link you to a boring news release with a bland headline, like the one I had above, or to ones that are slightly more negative. Even CNNMoney doesn’t have this as their featured article on the topic, as they have the headline “Google profits slow more than expected” with the positive article as the secondary article. I’m sure Google will say, “it’s all an automated algorithm that selects feature articles,” but it all just seems a little fishy to me. I actually do think selling the shares is an overreaction to a quarterly report, but I just find it an entertaining reminder to get your news from multiple sources since you never know what agenda each single source is pushing. That includes any info you may get out of this site since I’ll be the first to admit that I am very opinionated and biased, but isn’t that the point of having a blog?
Comments
Leave a Reply