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Tuesday, November 30, 2010

some charts...

GOOG - Upon the open today, GOOG broke from the 10 SMA on the weekly and 50 SMA on the daily support. Unfortunately, with these supports breaking, there was a technical cliff to the 550 area.

I do like GOOG, despite it biting me in the ass over-and-over again, every time I trade it. I will wait for the dust to settle, and re-enter around 550.

IBM - Sitting on the daily support and oversold, I added.

Its trailing PE is 12.86 with a 15% 5yr eps growth rate. (ORCL, the IBM wannabe, has a forward PE of 12.26, while IBM has a forward PE of 11.24.)

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