To those who are trading GOOG, reversal levels will be established around 10:40 and 12:15 est. on Monday 6-19-06.
GOOG Google: Share gains continue for GOOG, Yahoo maintains market share - Bear Stearns (387.17 ) Bear Stearns notes that ComScore released the U.S. qSearch data for May yesterday afternoon. GOOG's domestic mkt share in May increased to 44.1% from 43.1% in April and from 37.5% in May 2005. The mkt share gains came mainly at the expense of AOL and Ask.com, while MSN and YHOO held steady at 12.9% and 28% mkt share, respectively. With two months of solid market share gains under its belt, firm believes that GOOG could likely post impressive results in Q2.
GOOG Google: Share gains continue for GOOG, Yahoo maintains market share - Bear Stearns (387.17 ) Bear Stearns notes that ComScore released the U.S. qSearch data for May yesterday afternoon. GOOG's domestic mkt share in May increased to 44.1% from 43.1% in April and from 37.5% in May 2005. The mkt share gains came mainly at the expense of AOL and Ask.com, while MSN and YHOO held steady at 12.9% and 28% mkt share, respectively. With two months of solid market share gains under its belt, firm believes that GOOG could likely post impressive results in Q2.
I am serious this stock is going to go to 450 again and possibly 500 within a few months. I am not pumping (nor would it matter for suck a big company) but the technicals are the best I have seen in a long time for almost any sotck. This is free money. And once the nasdaq goes back to 2300 again (in a few months after the fed meeting ) goog will easily rocket to 450 no problems. We could see 420 easily tommorow-if not today. Only $70 off all time high...peanuts Also This is a VERY important breakout form a stale trading range. BIG BREAKOUT!!! Look at the business model!! They take advantage of SAPS who use the Adwords program (which I think is crap-adwords DOESNT convert due to fraud, etc) for so mcuh revenue But im in it to MAKE MOENY and I know that despite Adwords is crap the stock is GOLDEN I used adwords b4. IT SUCKS lost $500 in a few days!!! So i bought the stock instead at 300 and I made back soo much. I dunno about the future of google frankly ..adwords blows and so does the company in alot of regards but the stock is a friggin cash machine and I am cashing in thats for sure. And when it is time to short (after the first SERIOUS click fraud article or advertisers pulling out REAL slowing growth etc) ill know when and make money on the downside. GL all trade 2 win
GOOG is still trading within the bearish flag/wedge that has formed over the past few weeks on the daily chart after the drop off from $450 or so. Today's high pretty much came within $1.00 of the upper range of the flag/wedge and stopped. Before taking a position, see if it will break out over $403/$404 and stay above before going long. I would not be surprised to see GOOG push back to $390 if the breakout fails.
I have found it be a good exercise to write an equally enthusiastic counterpoint to any exuberant rantings before I depart with actual cash.
Reversals for Friday 6-23 are 94:40 and 11:20 est. Goog is in a symmetrical mode right now so it is possible to time it.