Well, Google and Facebook, two of my biggest positions are up big today to new all-time highs.
Google reported earnings last night that showed strong growth and expense controls and mobile booming and YouTube exploding…GOOG and GOOGL stock is up 15% today to $663 and $695 respectively. I fight bought Google’s stock the day it came public, at a split-adjusted $45 or so and you know I bought more Google when it was below $500. Everybody loves Google now. Time to trim.
Facebook is up 20% in the last month, rallying from $80 to popping another 5% today to $95 per share. Facebook reports earnings on July 29. Everybody is thinking that FB’s earnings report will be even stronger than Google’s strong earnings report last night. Everybody loves Facebook right now and nobody wants to miss the expected pop. Expectations are now very high for FB. Time to trim.
I’m selling 10% of my FB and Google common stocks. They’ll still be two of my three biggest positions, but I’ll take advantage of this opportunity to trim them down a bit.
San Francisco Money Show with George Gilder has been fascinating so far and has given me some new ideas and Revolution Investing concepts to think about.
I’m hard at work on a couple new ideas that I’ll be writing about next week. Hope you guys have a great weekend.