Google Android Dominates the Global Smartphone Market

Scared face

Today I published an article on Seeking Alpha praising the dominance of Google’s Android operating system over Apple’s and others and offered a thesis as to why that will continue going forward. (Read Article)There were quite a few opinions to the contrary, as I expected, so I am following up that article with a few comments on the comments.

First, let me start by saying Seeking Alpha outlines many reasons why someone would be interested in writing articles on Seeking Alpha. One of those reasons is to offer up an article to a sounding board of 3.2 million people. I admit, I am not a good writer, and unfortunately, I don’t have an editorial board to confer with. Therefore, I admit, I’m often curious to get feedback from the masses. People I don’t know, who don’t hold back….at all. My friends and family could never be so direct.

So because Seeking Alpha doesn’t allow an author to put the cart before the horse by floating a ‘draft’ of an article before it gets published, articles get published that could probably use some editing. Kinda like apps on Android 😉

Google: Optimism Is Built Into the Current Price

Google Zipper Logo

It’s not hard to imaging investors being googly eyed over Google (GOOG). The stock is up from about $100 in 2004 to a high of $1228.88 in February. Getting 12 times return on your initial investment over a 10 year period could be a once in a lifetime event. It’s no wonder investors keep trying to figure out not if to buy more Google, but when to buy more Google.

When I saw the chart below I became hopeful that it had pulled back just enough to take another nibble. The RSI indicated that the stock had reached oversold levels. Meanwhile, the price had dropped below the 2 standard deviation Bollinger band and then flattened out. On a technical basis, it looked good.