Google took a dive

Like a lot of stocks today, Google (GOOG) took a nose dive and hit my stop loss at $487.30. Given that I was more than 20% up in Google, I could have waited a day or two to see if it turns around. It probably will, but I’m happy with a 21.83% gain (after commissions). Sure it will most likely recover and go up, but that is OK as now I can find something else to get into, and who knows, it might very well go down some more before recovering and that isn’t something that I’m willing to wait for. After all, I’m not a buy and hold kind of investor. I want to make good money in a fairly short period of time and go find something else. If I wanted to buy and hold I would just put my money in a mutual fund and forget it. Where’s the fun in that?

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