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Friday, January 20, 2012

Google showed progress

Although the pure GM decline, else where the company seems to have been trimming expenses.

These numbers are preparing for the MMI merger, which is something I wanted to see. (In the previous post highlighting the potential 10% margin decline 'The Motorola Effect', I forgot to include Sales and Marketing expenses w/in Google's numbers, I included them here.)

From a GAAP earnings perspective GOOG will see a trailing multiple of 19 around 565. Curious to see what MMI produces.

From a technical perspective, the 590 area is the first level of support via the 85sma.

Other levels of support, for the more conservative trader is near 570 and 550.

I will look to 570 and 550 for entries.

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