December 22, 2005 at 12:20 am | | Comments 1

GOOG – Big Move Potential

I’ve day traded GOOG a lot in the past week. It’s got great volume and moves a lot every day. The beauty of it is that I can be wrong several times in it, taking small losses each time, and then catch one move and make back much more than I may have lost, even trading the same share size.

GOOG - Today's High Flyer

What I’m wondering, though, is after this huge run, can GOOG make more giant intraday moves like the high-flyers of ’99 and 2000? Having traded actively back in 1999 and 2000, I remember plenty of the triple-digit stocks which made $25 moves or more on a regular basis. Stocks like NSOL, SDLI, BRCD, QCOM and many others all made tremendous moves. Some more volatile days in GOOG like Monday’s reversal would leave me feeling a little nostalgic while the market chops around in this high trading range.

Is a 10% move in GOOG intraday out of the question? GOOG‘s biggest gain of the year came in October following earnings, but it was all gap. GOOG has only posted 5 days this year with a 5% gain or more. Perhaps it’s just a different animal than the high flyers 5 & 6 years ago, but I’m still on the lookout for more monster moves someday soon from the top dog of the NAZ.

Jeff White
President, The Stock Bandit, Inc.

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  1. i did not realize GOOG had so few big up days. looking at the chart on TeleChart, i see your point..

    lots of “creep” up days. which makes GOOG an unusual stock in my mind..

    i love the typical “big move, pullback, a few narrow range days, and then trend resumption.” GOOG’s pattern does not fit that mold as well as most big winners.

    maybe that’s why i have made minimal $$ on that monster in 2005. 🙂

    ’tis ok.. plenty of others.

    merry christmas yall.

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