looks like a decent HS top in a market where techs are getting killed if the stuff wasnt >600 bucks a share I would try shorting it too
Your chart shows nothing and Google is expected to have an outstanding 2008 year. If you go short here you will LOSE money.
hey liar i thought you were already short http://www.elitetrader.com/vb/showthread.php?s=&threadid=113464
google to $500. dropped to a low of 519 last week, if they miss earnings or guide lower, expect it to trade as low as $450 in the coming months, my target is $500.
GOOG needs to reatrace back to $200 - It's a search engine, folks! GOOG has never been battle-tested in a recession or a bear market, so it will be interesting to see what sort of crap they use to dupe investors into believing there is still value in GOOG. Remember how bullet-proof YHOO used to be? Same demise will catch up to GOOG one day, just wait!
so you are saying a 10 p/e is fair for goog? they are only growing insanely fast and have a pristine balance sheet. i guess they deserve that low of a p/e. oh yeah and they are murdering yahoo hell maybe they should just retrace all the way back to their book+cash value of 108 lol. i have never owned goog but you can't deny that they are a great company. hell they are gonna earning 15.50/share for '07 and are projected to earn 20+/share in '08 and they carry ZERO debt. so quit being ridiculous is all i am saying.