Google/GOOG begins secondary offering today

Bloomberg reports that Google/GOOG will price its secondary share offering after the markets close today. Watch for the amount of concession, if any. I know I would accept the clean-up bid, and trade the expected pop from the offering price. There is a possibility for an interesting swing in price (the range of the high and low) for today and tomorrow; the narrower the range -- especially if the shares trade down -- the more bullish that action is. The sooner the shares trade up to yesterday's high trade ($315.53) and the all time high ($317.80), the more bullish. And, of course, volume should expand tomorrow.

Assuming the offering is priced today for release tomorrow, then the more interesting action will occur tomorrow. I will watch individual trades -- yes, tick by tick -- looking for signs of additional accumulation or distribution. (What else is a sale of shares from the company, but distribution from the company and accumulation by the Street.)

Lots to see and learn today, tomorrow, and this week --, if interested to understand how stocks trade. Of course, all of this is of little value when measured against the big picture: an ever increasing share price into all time highs.