From a previous Post all pretty relavant now!!!! Stock Trader Google ties up with a monster company like Verizon and all you get is less than a 1 percent move....Your 600 call is a bit ambitious kid...Hope you got a strong stomach when the growth slows and the players decide to dump their positions to the public.....ie>Fidelity dumping Yahoo from 40 to 20..... This is who has overweighed GOOG in their funds and it's weight is the number if you couldn't figure that out ATCHX Amerindo:Technology;D Fund 18.80% FAGCX Fidelity Adv Gr Opp;Ins Fund 11.25% FAGAX Fidelity Adv Gr Opp;A Fund 11.25% FABGX Fidelity Adv Gr Opp;B Fund 11.25% FAGOX Fidelity Adv Gr Opp;T Fund 11.25% FACGX Fidelity Adv Gr Opp;C Fund 11.25% FSCSX Fidelity Sel Software Fund 10.66% FPX First Tr:IPOX-100 Idx ETF 9.52% CFSIX Constell:Sel Growth;I Fund 9.43% PTSGX Constell:Sel Growth;II Fund 9.43% FBMPX Fidelity Sel Mltimedia Fund 8.85% MGRSX MassMutual Sel:Ag Gr;S Fund 8.72% MAGLX MassMutual Sel:Ag Gr;L Fund 8.72% MAGYX MassMutual Sel:Ag Gr;Y Fund 8.72% MMAAX MassMutual Sel:Ag Gr;A Fund 8.72% FFTYX Fidelity Fifty Fund 7.26% INPSX ProFunds:Internet;Svc Fund 7.22% INPIX ProFunds:Internet;Inv Fund 7.22% FSDCX Fidelity Sel Comm Eqp Fund 7.20% MNNCX Munder:Internet;C Fund 7.17% MNNYX Munder:Internet;Y Fund 7.17% MNNBX Munder:Internet;B Fund 7.17% MNNKX Munder:Internet;K Fund 7.17% MNNAX Munder:Internet;A Fund 7.17% FSPTX Fidelity Sel Technlgy Fund 7.14% If any fundamental bad news comes out about GOOGLE, these funds (Along with 935 others) will bail on some of their position all on the same day....That is a risk you have not considered in your 600 price target for sometime next month(Just kidding)....I'm not bashing Google, I use the FREE service all the time and have yet to buy anything from any advertisement seen on their site....Call me old fashion, but most the folks in this country with bundles of money are like me old and retired.....They don't spend money from internet ads and they don't shop on the internet but maybe once a month....Most are bored with life and do things slowly (Like Go Shopping with friends) to spend their time and their dollars....Maybe we are behind the times, but we hold most of the wealth in this country and are not in debt like some of the population that impulse buys on the web with a credit card and a 36 month payment plan....Eventually companies will relize this and make those changes....Internet HYPE is still a fad and will slowly fall back to the norm of everything else....We e-mail and check our accounts, but rarely anything else. Advertise Dollars have hit historical highs over the last 4 years and GOOGLE has been one of the best places to benefit from this excess spending by companies, but the model is getting copied and competition is increasing....All the while as the economy slows the 1st place companies go to trim the budget is ADVERTISING...Some companies may even just gut it to make the numbers...When will some of these conglomerates have a hard time making double digit growth in earnings with out cutting the budget....It's right around the corner....It's called 2007....Will it be media, print or internet that takes market share away from one another....Nobody knows, but GOOGLE and the networks....I would be betting on "The Tube"....They have been strong for half a century and TV will never go away....Once the networks finally figure out a programing schedule that works (ie...Big Hits)...GOOGLE gets the squeeze and the funds will know this before you!!! Will "YOU TUBE" be the next great thing or will it be the worst acquisition in history...ie>Nightmare law suits from the "Content is King" players....I doubt Sony, Viacom and Time Warner will just bow down for GOOGLE.....oooohhhh what about some international copyright violations for GOOGLE....ALL I'm saying is as good as it all sounds on the surface you have to dig deeper to be successful at this.....Don't get me wrong you can play the momentum all you want, but when it starts to slow take a breather and sit with some cash....You may just be in CASH when the bad news breaks....AND I KNOW HOW STOCKS WORK....That is just the most arrogant thing you could possibly say about the market....nobody KNOWS we all make educated guesses based on some T/A and Fundamentals...Wait we have money!!! $COSTAverageMAN
Anyone notice GOOG is down 9% in the last 3 days. Big gap on the daily chart sitting just under $450.00.support. Any ideas on support and resistance points?
For some, it's good and for some bad I played earnings on Google, there were 3 wins out of 4 so far and last day's fall made my day, the 4th win as well. Cheers, OptionPundit www.optionpundit.net
I doubt it. See: http://www.stockalicious.com/stock_journal/217/journal VS http://www.stockalicious.com/stock_journal/216/journal