I believe the best way to short GOOG is through option. You get more cushin on that. My main point is that: If you want to fight with MSFT with making a new operating system, you will fail, If you want to make a new search engine other than GOOG you will fail (you will have a tough time) If you want to comptete with Ebay in Auction you will fail, If you want to fight with AAPL in Itune you will fail. Since GOOG wants to get into other businesses, it is a red flag for me. It is a sign of desparation.
Haij, you are a bottom fisher and a top picker. If you don't know what eventually happens to these traders, go find out. That is not true. Not every bottom is good to buy and not every top is good to short. I agree with you on that.
I see weak power to take GOOG any higher. We may see drop to 390 soon (this week). Now it is traded 408 about 1.8 up.
I guess if one keeps predicting a direction, eventually they will be right. Funny thing is, goog is one of the strongest stocks today. Perhaps Mr. Market is just spiting Haij.....
GOOG has now become a stock which no one knows where it will go day to day. Forget technicals on this thing. It's all crapshoot. Want to make $$ on GOOG? DAYTRADE IT ONLY. Book your profits quick and close out flat for each day. Both longs and shorts are scared to hold this thing for an extended amount of time...
GOOG Google downgrade details (409.66 ) As mentioned at 6:23, JMP Securities downgraded GOOG to Outperform from Strong Buy and cut their tgt to $475 from $550, based on a lower growth outlook due to slower query and monetization growth. Firm is now expecting Google to generate 13% sequential growth in net revenue and 58% year over year for FY06, down from their prior forecasts of 19% sequential growth for the quarter and 69% for the full year. Their reduced top-line outlook is the result of lower-than-expected growth in search queries and monetization on Google proprietary sites and the Google Network. They are also lowering their operating margin forecast by another 100 basis points as they expect the co to add more employees this year than they had been anticipating. Firm also lowers their rev and EPS ests, saying their new Q1 and FY06 net revenue and EBITDA estimates are now generally in line with consensus.