I think I owe all of the happy holders of GOOG a big apology and that guy I ripped up last month for buying GOOG for all of his clients - I apologize from the bottom of my - wait a minute - let's look at this from a technical perspective. I present GOOG -
and, as you can see there was a big ol' cross over on 5/16 and I don't know how many times I've written about cross overs on this site but I do know it's been more than once. So - seeing that cross over if you didn't jump aboard the GOOG express then you have no one to fault but your... - wait a minute - let's look at this from yet one more perspective -
Had you owned GOOG on 4/23 and seeing this -
An AAPL cross over and had you remembered what I said back in April that AAPL would see 90 before it saw 100 and that it was coming off of 90 and had you sold your GOOG shares on 4/23 you could have bought 5 AAPL shares for every GOOG share you owned on that date.
But let's say, for the sake of argument that you kept your GOOG shares instead of selling them and GOOG has gone from the 480 where it was on that date (4/23) to 515 where it finished today you would have earned - 7% plus. On the other hand, had you sold your GOOG on that date and bought 5 AAPL shares for every share of GOOG that you sold you would have bought AAPL at 94 and today you would be looking at 32% appreciation except that you would own 5 times the number of GOOG shares and that would mean that in comparison to GOOG you would have gained 160% on your GOOG money.
Maybe I'm not sorry after all for telling people to dump the albatross and to use cross overs as a buying indicator. The most powerful indicator there is - a cross over unless it is a cross over that is following a BOB.