Somehow I like this thing about bargain hunting. And I like the law of whatever goes up must comes down and vice versa. We saw the Dow plunged by 366 points last Friday and today we saw a slight rebound in the afternoon after a three-digit plunge in the morning trading. Traders are still nervous obviously. The Dow, Nasdaq and S&P500 are trying very hard to stay alive within positive territory.
This is good news especially when the market appeared optimistic about Apple Inc.’s earnings, which were scheduled to be released after the closing bell. Apple’s stock has been trading with gain throughout the whole morning and upon seeing this, Google Inc. and the rest of the technology stocks follow through. Fed Governor Randall Kroszner at a speech in Washington reaffirmed that the central bank will “act as needed” to calm the financial markets.
With such volatility I’m glad Apple is trading above $173 level and hopefully it’ll stays that way throughout the day. Google Inc. in the meantime is trading above the $646 level but fails to jump above the $654 resistance level. If Apple’s earning could not impress investors the stock could be punish to the price below $170 and below after-hours trading. But if Apple could impress the same way as Google’s then both Apple, Google and most of the technology-stocks could heave a sight of relieve.
Other Articles That May Interest You …
- Bad News for You and Good News for Me
- Change in plan for Google, going for “Top Greed”
- Little Secret in Making Money trading GOOGLE
- Google and Apple stocks, my money making machine
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October 22nd, 2007 by financetwitter
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Comments
More great tech news, more euphoria. iPhone and Mac sales didn’t just beat expectations, they clobbered them. Hats off to Apple, their Directors know how to sell something http://www.newsvisual.com/newsvisual/2007/10/could-apple-pul.html . With positive results from Apple, Google, Yahoo!, RIMM, etc., is tech back?
More great tech news, more euphoria. iPhone and Mac sales didn’t just beat expectations, they clobbered them. Hats off to Apple, their Directors know how to sell something http://www.newsvisual.com/newsvisual/2007/10/could-apple-pul.html . With positive results from Apple, Google, Yahoo!, RIMM, etc., is tech back?