Everyone Likes Google!!

On 4/14/07, I posted an article titled "Everyone Will Be Talking About Google!," in which I discussed a possible "bullish earnings reaction" pattern based on the earnings seasons in the past 3 years. Now, that Google has delivered "excellent" earnings, let's see how much everyone "likes" Google (GOOG)!

In AH, GOOG traded as high as 495+, but, settled at 486.8, up 15.15. I think this is not the proper response! With a report card like today's (3.68/share), which beats the "highest" estimate (3.52) by .16 (the average was 3.31; a beat of .37!), GOOG should be above 500 already! If GOOG doesn't go above 500 after this kind of earnings, I'd ask "When will it?" and "How will it?"

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