do fundamentals matter at all anymore? forward PE is 23 at market close today. 5 yr annual growth rate perhaps 30% is conservative. this is nuts. having a very hard time holding back .... even the march calls look like a steal for a dead cat bounce in this corrective time. (having a hard time justifying going short anything right now ...)
looks like GOOG is determined to close the gap at 430. But weekly trend is still up. Of course if weekly trend goes it will be pretty ominous http://lauristonletter.blogspot.com/
Knowing that now is a good time to short is easy. Knowing when longs are back in fashion will be difficult.
GOOG charts show extended hour trading. http://www.google.com/googlefinance/new.html the wierd thing is a few days ago I was thinking; why doesn't google add an option to view extended hour trades on their daily charts, and I even imagined it exactly how it's being diplayed wish I could see the future of stocks like that