Google Now Looks Set to Stall
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Jim Cramer
The Street.com |
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It needs another quarter and some new data points under its belt to continue to advance.
Has Google topped out? I know that it feels like it to me, and I didn't like the reaction it got to the wild-high price target that I heard the other day. I also know that Doug Kass, of sister site Street Insight, has turned very bearish on the name.
I just want to declare victory on it. My last public projection on Google was that it would go to $450 this year, and sure enough it went to $446 and then failed. That's just a rounding error, as far as I am concerned, and I am willing to say we have seen the high for the year.
I don't believe the stock can...
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Jim Cramer
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