Alphabet Inc. (NASDAQ:GOOGL) tanked. Added more.

 

The share price of Alphabet Inc. (NASDAQ:GOOGL) tanked more than 3% today and around 20% since beginning of 2022.

This is after reported quarterly earnings that missed expectations. Net income of US$16.4b from revenue of US$68b that grew 23% year-on-year. Youtube advertising revenue was $6.87b vs. $7.51b expected.

How irrational can the market be?

Sensing opportunity during "crisis", I accumulated another share of Alphabet Inc.

My order at US$2278 has been filled this evening.

I now own 4 shares of Alphabet Inc., positioning for 80 shares post-split.

I reserve my last bullet to be fired near US$2000 or after the stock split on 15 Jul 2022.

I have earlier shared on the 8 reasons Why I Invested in Alphabet Inc.

Monopoly dominance, exponential growth, ever-growing share price, strong moat, stock split, resilience, below intrinsic value make this Mega Tech stock a no brainer to own for the long-term.

In the short-term, the share price of Alphabet Inc. will be volatile and subjected to further weakness due to noises of stagnated growth, losing market share to Tik Tok, lawsuits, interest rate hikes, recession fears, Ukraine war impact, inverted yield curve and so on.

In the long-term horizon post split, I believe its share price will grow by at least 20% annually, surpassing US$300 per share in 5 years and US$1000 per share in 10 years. I would be happy to continue accumulating more shares of Alphabet Inc. till the rest of the year.

Thanks for reading. Stay safe and be strong as always. 

With love & peace, 

Qiongster