Google May Have Long Search for Bottom

This column was originally published on RealMoney on Feb. 10 at 12:00 p.m. EST. It's being republished as a bonus for TheStreet.com readers.

Last night, I had dinner with an old friend, Worth Gibson. Worth is an excellent money manager and a former writer for our sister site Street Insight. He's brought his family out to see the San Diego Supercross on Saturday. (Supercross races are the ones with motorcycles launching off small dirt ramps to fly 70 feet in the air.)

We discussed the merits of technical analysis, and whether there was a place for it in a value-oriented discipline. He noted that ignoring the price action of a stock inevitably leads to bad results. Even the most attractive fundamentals won't save you if the stock is falling like a brick.

I mentioned that my approach to trading and stock analysis is getting simpler, with a primary focus on remaining in phase with the prevailing trend of the stock. ...