========= Maverick you have had some timely comments/GOOG; even though i use YHOO [website] more, agree with sharing some profits with the market makers or specialists. Wouldnt get in any hurry however ; 10 minutes or more till regular close
Google at $2,000 seen as a possibility by Caris' Stahlman (GOOG) By Leslie Wines NEW YORK (MarketWatch) - Shares of Google Inc. (GOOG) could achieve an implied value of $2,000 apiece, according to Caris & Co. analyst Mark Stahlman, who stressed that that figure is not an official price target. Stahlman also wrote in a research note that Google's long-term sales could hit $100 billion, contrasting with estimated 2006 sales of $9 billion. The analyst expects the company to find new ways to participate in the financial services and healthcare, and believes future work in those fields will power the expected sales gains. !!!!!!!!! !!!!!!!!
i'd short when you start to see a loss of momentum in their earnings or margins. but also have to consider how the market is moving cuss you might end up early to the party with a nice margin call before the drop
ironically ive only traded this stock from the short side and made money (very little relatively to the long side) but its the only good entries I could ever get, I would say I took out a total of maybe 30-40 pts swinging, I'll post when I'm ready to short again but now isnt the time.
GOOG Google downgraded to Sell from Hold at S&P, thinks GOOG still faces risks such as click fraud, competition - Bloomberg TV (467.11 ) -Update-
It wasn't S&P, it was Stifel Nicolaus. They initiated coverage around 300 with a 'hold' - the analyst was on cnbc this morning and provided his logic for the downgrade: lack of growth. In all honesty, this guy is nuts. google has a monopoly on efficent on-line advertising and is just breaking into China. I don't have any position in GOOG, but it really gets to me when someone feels the need to downgrade an issue just for the sake of being contrarian - YHOO missed so someone thought it was a good time to jump on the 'google-is-going-to-crash' bandwagon. If google misses numbers, then downgrade them - until you have something more then speculation and "feeling that google cannot sustain growth", please keep your thoughts to yourself - the sheep do not know any better then to listen. Sorry for the rant.
lack of growth = larger chance of missing its numbers. ESPECIALLY for goog who has very hard numbers to hit. conclusion: the guy isnt nuts. He knows what he's talking about. Thats why he's the analyst. RT PS: my unprofessional opinion (still the same since november) is that goog will miss their numbers in the 4th. My estimates were that they needed around 28-30% revenue growth from the 3rd qtr. Aint gonna happen
I apologize for not stating my point clearly. The analyst has nothing to base his "lack of growth" assessment on except speculation. The analyst "sees growth slowing" but does not present data to substanciate his claim.