How Far Can Google Go?

[pierre]

Google seems to be the only search engine adding new features constantly. For webmasters google is pure heaven. They made over $1billion in adwords revenue and in my opinion there is alot more room for google to grow.

Do investors look to buy google long-term or is google mainly for traders? How far can it go? $1000?

[torero]

I had it target at 550 from the symmetrical triangle breakout. Purely technical analysis point of view.

[pierre]

torero,

Thanks for the chart. Do you usually use a stop that wide for google? What is your average holding time?

[torero]

It;s up to each person to properly size their position. So if the stop is wide, I'd reduce number of shares held to maintain a balance portfolio. Sometimes a stop is wide because it's the only way to give it market room and to let the pattern play itself out without being interrupted. I'd hold it until target is reached or something in the market indicates that the target may not be possible. I either exit or reverse.