The Prior GOOG Gap

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I would like to close today by looking at the last time Google had a huge gap up. It was on April 14, 2008.

As with the event last week, GOOG exploded higher on huge volume. It spent the next few weeks padding its gains, adding another 10%. And then – – well – – you can see for yourself on the chart.

Of course, this wasn't GOOG's doing; the entire market fell to pieces, and GOOG went along for the ride. My point is that just because one particular company does sensationally well, it is still subject to any general market weakness that might take place afterward.