Thursday, August 5, 2010

Buying Google

Buy:      GOOG at today's price ($505) on August 5, 2010 Target:  $750
Time:    1-2 years

This is the kind of stock I want to own.  Google was climbing very well before the recession hit.  Its stock price certainly took a hit during the bear market, but has recovered nicely in the past year and a half.  It is normal for the market and individual stocks to pullback briefly after such a strong recovery.  Google's financials appear to be fine.  This is a relatively safe place to buy the stock.