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This Decelerating Engine Is Not Running On All Cylinders
Kenneth J. Gruneisen, Founder and Contributing Writer, www.CANSLIM.net
CANSLIM.net


Google Inc. (GOOG +$9.74 or +3.16% to $317.91) is not a currently featured stock, and important lessons can be learned from this previous market leader that has experienced a technical breakdown.  Its last appearance before being dropped from the CANSLIM.net Featured Stocks list included an annotated graph showing a technical violation on an upward trendline on January 4, 2008 under the headline "Search Engine's Stock Stalls Out" (read here).  The detailed analysis pointed out that the stock had "gapped down and triggered technical sell signals as it suffered a considerable loss on higher volume than the prior session, violating its 50 DMA line and breaching an important upward trendline."  

GOOG had rallied $188 higher (+34%) after it was first featured on Friday, September 21, 2007 in the CANSLIM.net Mid Day Breakouts Report (read here).  The stock is now more than -57.5% off its all-time high.  Fundamentally, it is showing a worrisome trend of decelerating sales revenues and earnings increases.  The company's sales revenues and earnings increases are no longer above the minimum +25% guideline of the investment system. Fewer top-rated fund managers are holding GOOG shares today, a clear sign that some institutional investors (the I criteria) have wised up to the fact the search giant's prospects are less promising.  

ATTENTION: Mutual fund managers and other professional money managers, hedge fund managers, and individuals who are still owners of this stock, you may be wise to re-evaluate your loyalty at this time!  If you have an interest in the unique advisory services that are now available exclusively to institutional investors, we encourage you to contact a highly trained expert on this proven fact-based investment system by sending an email to: ASarhan@Sourcegrp.com. Our goal is to help you outperform your peers and increase your assets under management.

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About Kenneth J. Gruneisen, Founder and Contributing Writer, www.CANSLIM.net :
Kenneth J. Gruneisen has successfully completed the CAN SLIM® Certification Program.  Mr. Gruneisen became a Registered Representative in 1987 and his career includes experience offering personalized assistance to investors with more than a decade of experience as a Registered Principal managing a branch office.

The recommendations made by CAN SLIM® certified individuals are their own and may not be attributed to the CAN SLIM® Certification Program, William O'Neil & Co., Investor's Business Daily or their affiliates. The CAN SLIM® Certification indicates only that the individual has successfully completed the CAN SLIM® Certification Program. CAN SLIM®, William O'Neil & Co., Investor's Business Daily and any of their affiliates are in no way responsible for any loss or damage caused as a result of the services provided by these individuals.


Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities.

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The recommendations made by CAN SLIM® Certified individuals are their own and may not be attributed to the CAN SLIM® Certification Program, William O'Neil + Co., Investor's Business Daily or their affiliates. The CAN SLIM® Certification indicates only that the individual has successfully completed the CAN SLIM® Certification Program. CAN SLIM®, William O'Neil + Co., Investor's Business Daily and any of their affiliates are in no way responsible for any loss or damage caused as a result of the services provided by these individuals.

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