Wednesday, October 30, 2024

Why you DON'T want to buy Google right now

Here’s what I’m doing instead…
 
   
     

Google’s up around 5,000% since its IPO in 2004. 
 

 

Google isn’t some fad tech stock either. It’s a stable company with incredibly strong revenues and business lines.

In fact, Google has been one of the most resilient stocks in the entire market… 

Even through the 2022 bear market.

Mounting an incredible 71% RISE since the markets bottomed out in 2022

Simply put: 

GOOG is one of the best stocks of our generation.

And its stock price of nearly $2,500 for a single share reflected that up until July 15th, 2022.

The next session it opened at just $116 per share after its historic 20:1 split.

When Google gave the public that massive 95% discount on the share price, a FLOOD of new activity hit the stock.

It’s actually a very similar response to what we see when folks trade earnings.

Unfortunately… 

I believe investors are rushing into this in exactly the WRONG WAY.

I’m sure droves of retail traders will buy high risk options hoping to guess right and hit it big with Google.

But this couldn’t be a bigger mistake.

It’s exactly what we saw last year during Google’s historic 20:1 split.

You see…

There’s a total misconception about how these splits work that tends to crush thousands of mainstream investors.

Most people assume that a “lower price” gives a stock more upside.

But that’s not the case. 

Here’s why targeting the lower price is a mistake (and what I prefer to do instead)

Trade well,

Jack

P.S. This is an especially important concept to understand around Google earnings. You’ll understand if you go to this page right here. 

   
 
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