Google Shares Moving Sideways on Low Volume


Newly released Google Desktop Search 2 and its accompanying Sidebar really gives you some idea of where the company is heading. They want to take over your PC and dethrone Microsoft as the desktop monopoly. I haven’t seen software innovations like these before. It’s hard to not get excited about it, and not even just from an investor perspective, but instead simply as a computer user.

As for Google (GOOG) stock, the chart looks very bullish. After a huge move, the shares have been moving sideways on lower volume. Growth investors probably can feel comfortable about owning it down at these levels. The next 6 to 12 months should be very exciting for industry watchers everywhere.

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One Thought on “Google Shares Moving Sideways on Low Volume

  1. qcontra on August 26, 2005 at 7:18 PM said:

    This new desktop software took me by surprise. I’m reassessing my view of Google because this is exactly the type of software that could have dethroned Microsoft in the late 1990’s.

    I’m very long Microsoft, so I will most definitely be watching these developments.

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