Google: I’m still holding
Of all my holdings, I’m holding onto my Google like its my last meal. I feel the most comfortable with my position in the stock, even though it has dropped 20% in my averaged-down portfolio, (lowest to MMM).
I still plan on buying a share here and there as it continues to go lower. I think at under $390 Google is just too cheap to pass up. The other Tech play losing a lot of value recently is Apple (Trading at $97/share). September was a poor month for Tech stocks as a whole, which is unusual as historically September is a bull month for Tech stocks.
I don’t think Google or Apple can go down much more than they already have; I plan on watching both’s earnings reports. Truthfully, if one does poor I expect the other to do so as well, although Google’s results won’t depend nearly as much on consumer purchases.
