Google Breakout

Google (GOOG) is up about $3.50 today and is currently trading above $475. The stock is experiencing a technical breakout today as it trades to new six-month highs. If the stock can hang on to close at new highs, traders will be looking for a move up to $500.

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Comments

[Shane Farley:]

Here's another solid chart. Google China traffic is surging. Around
a double since early June. This is a reach per million users in China on a daily measure. 200k users per million, 350 mil users in china. About 70 mil daily users in China on Google.cn daily. Will be rivaling usa traffic levels for Google usa before you know it.

www.chinarank.org.cn/r...

Sep 14 06:42 PM

[Traveler 1:]

Don't forget to also buy Bidu which holds the market share in China.

Sep 15 09:53 AM

[Road Runner:]

Shane, Thanks for the good data on Google in China.

But, how does this traffic increase translate into profits? Since Google makes money almost solely from advertising, how does China's advertising market compare to the US's advertising market?

On Sep 14 06:42 PM Shane Farley wrote:
> Here's another solid chart. Google China traffic is surging. Around
>
> a double since early June. This is a reach per million users in China
> on a daily measure. 200k users per million, 350 mil users in china.
> About 70 mil daily users in China on Google.cn daily. Will be rivaling
> usa traffic levels for Google usa before you know it.
>
> www.chinarank.org.cn/r...

Sep 15 11:48 PM