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GOOG is a great first stock for you …

Comment posted on Happy Hour Appearance by wyo550

GOOG is a great first stock for you to own, since you’re on top of their performance and general business. It has real upside potential to about $590 and then will meet resistance. As busy as you are, you can’t be watching stocks like a trader. Just watch the volume of activity that GOOG has and see that it continues to have higher highs and higher lows as it continues to the resistance level.

A year ago, a friend introduced me to
http://www.investools.com
It and its trading platform,
http://www.thinkorswim.com
have been bought by Ameritrade

Now, my 85 yo stock broker calls me for advice, twice a week! Even though I could trade on Thinkor Swim (ToS)for a fraction of the cost of my old broker, as you know I’m loyal to people I started out with. On ToS I used Investools to buy BUCY options in March at $5 that are now $162 and headed for $500. This stuff does work if you’re careful and disciplined…duh, who ME?

As you invest in anything, do it from the top down:
1. Do I want to be in this market at all (be it stocks or real estate or gummy bears)?
2. What sectors in the market are doing the best (railroads or commercial real estate in Glendale).
3. Then, what companies in those sectors are doing the best?
4. Then, you analyze the companies you like and make your final decision on what price to buy and when to sell. (Support and resistaqnce levels you learn from chart-watching)

Nothing goes up forever. Grass does not become trees.
Sell decisions are more important than anything.
If a stock goes down more than 15%, sell it. It’s better to have what’s left of your capital- than see the stock fall to 20% and stay there for weeks or months. You can always buy back into it a month later, as it may be rising. Men, especially, make the egotistical judgement to keep losers because they think they were right in the first place.

NEVER buy stock from the recommendation of another person.
If someone says GOOG is a hot stock, that’s nice. But check it out from the top down. Baidu (in the same sector) might be out-performing it because of strength in the Chinese market.
I don’t like BIDU. I have GOOG and will be selling it off as it gets to $590 because of rersistance.

Investools will teach you the skills to evaluate stocks, chart their progress and determine resistance levels on the top side and support levels on the bottom.

I see your shoe rack is in Salt Lake UPS might be a good stock…don’t know

That bar sequence was nicely scripted and well done!
You looked wonderful and very NY business ladylike

wyo550 also commented

• Hi!
  I wrote all of the earlier posting, hoping it might also help the other fans.

  I’m super impressed with Investools. The first thing they said at the first meeting was “What are your goals and how can we help you achieve them?” and there were all kinds of people there from experienced investors to little old ladies, desperate for help in managing what they had in their 70’s! I-tools is out of Draper, UT, near SLC.

  You’re right about GOOG doing in a recession. I got postcards from them, as a small business owner, offering me $100 in free adwords just to try them out! That’s responding to the reality of the marketplace better than I would have imagined a “cyber” company to do! They’re also getting companies without web sites into their system! The day will come when you’ll be able to ask your Android telephone, ‘Where’s the nearest pizza shop” and GPS will point you to a small pizza place that isnt’ even on the web!

  In the past 26weeks:
  Goog is up 35%
  Priceline(PCLN… I used to work with & know Jay Walker if you want a recommendation to work with them) is up 64%
  Baidu (BIDU) up 67%

  In the past 18 weeks:
  PCLN +56%, BIDU 41% and GOOG 34% (I only hold GOOG)

  The sector for all three companies, “computer services” is now attracting institutional money (which drives the stock market in the US).
  September 47-of-100, October 64, November 83
  That 100 point scale simply tells you whether money is coming in or going out of a sector, as institutional money comes and goes.

  I didn’t buy back into GOOG (at 521) until the October “64″ (above) showed that the sector was going upwards and GOOG was doing well. I sold the 521 at 562, then bought back into the position and now am shooting for sell-buys in the 580–560 range, all while holding my first GOOG buy at 591 (in 2007) as dead money. I can’t wait for GOOG to hit THAT resistance level!

  Your statement about GOOG doing well in a recession is probably best applied to PCLN, as people try to save money. BIDU’s recovery is due to the more rapidly-recovering Chinese economy- than GOOG, which seems to be trending up because of optimism about all kinds of advertising.

  Good buy at 280, girl! I was sweating with GOOG shares I bought years ago at 591 while you were buying! My ego and lack of knowledge as things tanked (in early 2008) kept me from selling on the way down (past my 15% cost) and you can see for yourself how long I’ve been sitting on dead money waiting for it to come back.

  You can see how volatile GOOG shares are. Like any stock in a positive climb… it goes up, pulls back, settles and then goes up again. You can practice making money like a mini-trader by looking at a chart of the activity and seeing (as I did a couple weeks ago with GOOG) a chance to sell, hold your breath, and then re-purchase when it dropped 15-20 points.

  The happy thing for you is that it will never go back to your 280 cost. You’ve already doubled your money! Now, you can put a “Good Till Canceled” sell order for the next higher price peak you think it will have, before resistance beats it back down (right now, the chart shows that GOOG is meeting resistance around 560.

  The conservative approach might be to GTC sell at 559 and buy back at 550. The more gutsy approach would be to let it exceed its resistance level, then GTC a sell order at 562-565 and then smile as the professional institutions punish the amateurs… as they sell it back down to a buy point like 550..from where it will come back.

  The danger with the sector now is that there is currently a HUGE increase in volume coming into the sector. That’s institutional money. As soon as those guys have made their good, incremental profit (and sell at what they consider the resistance level), the volume may stall or even decline…and the stock will be very vulnerable to bad news of any kind.

  If you see both a lower trading volume of GOOG and perhaps bad news affecting retailers and advertisers, put a “Stop Limit” on your shares, so you don’t have to lose sleep like a trader but will be protected if the shares suddenly react to “bad news.” Because that’s what the pros will be doing and all the current volume of buys will turn into a flood of sells.

  GOOG might well get to 590 by X-mas. But IF it does that on lower volume it’s a trap for amateurs (with no volume to hold it up). On bad news, with no volume support, the stock could drop to 565 (which will then be the new lower support level, just as 560 is currently the upwards resistance level).

  When you see GOOG hitting resistance at 590, I’d recommend you put a STOP LIMIT order to sell at 575, just in case it falls on its ass…then you’re out and can buy back in wherever price it levels off at… maybe at 567…and then go for another ride if it still seems to be doing well. Maybe it will get beat up from 590 and loiter around 560 for six months.

  Good luck to you and anyone else on the markets!
  I hope my introduction to Investools was beneficial.
  We manage half of my family’s charity portfolio with the tools now and the result being that, even in this horrible year of stocks, we out-performed the local United Way in our gifts to the community (4 of last 5 years, thank God).
  It’s sweet to share it with you and your online family, MO.

  Enough “online” Now I get to outline something wonderful!
  Your black mold has become a major story element for me, mutating people so they become quantum-capable! Thanks to you for the link to Benford’s Law! Romulus Leo will come back to Cassandra by unlocking the numerology when he goes quantum!

  Love… What goes around, comes around

• pa angliski?

Recent comments by wyo550

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  Since the world will melt from overheating in 2012, that year’s calendar will be a real collectible! THE LAST CALENDAR!
  Wow, I better buy a truck load so I can trade them for food!

  “Step right up ladies and gentlemen! This is a REAL collectible! Hey mister, how many do you want for that live chicken?”

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  The longest word, 45 letters long:
  
  pneumonoultramicroscopicsilicovolcanoconiosis

  Or, as the antiChrist said, “Apocalypse? B___s___! I’m just happy to help!”

  Coming soon to a banner ad on a site near you (if I hear back from someone on the “biz” email link)
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• Pneumonoultramicroscopicsilico­volcanoconiosis
  The anti-Christ just calls it

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  And it culls 1.86 billion people in 10 years

  http://www.edgeofheavenbook.com
  (second edition of which will be advertised on HFW in 2010)

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