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GOOG in Full on Breakout Mode

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November 25, 2013 – Comments (1) | RELATED TICKERS: GOOGL

Textbook breakout here in Google (GOOG).

Ideally if you can get in on a pullback to $1043, it would offer a great risk/reward opportunity.

Also, follow the currently trend-line as I have outlined below, if this stock runs hard towards $1,100, use a break of the trend-line to cut-line and get out of the trade. 

Here's the Google Technical analysis

1 Comments – Post Your Own

#1) On November 26, 2013 at 2:58 PM, Imsprkfool99 (70.46) wrote:

Google is on track to adverse publicity which could hurt its stock price.   Vringo tried to get Google to license its patents.   Google has shown a preference for badgering patent holders into accepting 1x payments instead of ongoing licensing fees.  Even at trial, Google was still arguing for a 1x payment, and that Google was entitled to a 1x payment. 

Vringo (VRNG) won a jury verdict against Google.  Google has done everything it could in an attempt to undermine the jury judgement and jury award, including US Patent office petitions to get Vringo's patents declared invalid.   Vringo has been winning the USPTO battle with USPTO reaffirming Vringo patents. 

 Vringo has appealed the Judge's latches ruling and Google could find itself owing Vringo $450 million in past damages to Vringo just on that latches ruling alone. 

  

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