GOOG down today near 3% Could that be speculators leaving the market after an underwhelming 'Nexus One' launch or the start of downward trend?
hmm, AAPL does look bearish now. lots of stops got run through today same with GOOG. if that ain't healthy selling...
I guess the nexus one is just like every other smartphone on the market. The hype in this market is just incredible, the craze is now on mobile search and advertising. Seems to be the new niche everyone is running too, thats all I need on my smartphone now is more worthless advertising. As for aapl, the hype remains behind the itablet, islate or what ever you want to call it, the tablet has been tried before, many, many years ago, did not work. They are trying to do it again, will it work I don't know, from what I am reading is that the new tablet from aapl is just a bigger iphone, now I thought from day 1 the iphone was being a bit hyped, I admit I was wrong, however talk of this new tablet at just under a $1000 might be a bit more hype than what it really seems to be. Apple has incredible products but im thinking that this one might be in question.
you are right about that, rtd. but overlal, for those of us who have long-term positions from a ways back, it is still in a serious untrend. even after todays selling. check out the trend line on a weekly chart.
I just read somewhere that GOOG bought some new satellites. Those satellites will bring the net to areas of the world that are unheard of. When the droid gets in the hand of the newbies on the net it wont be a major market mover but when a billion chinese who can't afford the iphone choose the droid phone they both win. Its like FEDEX and UPS. they are both winners. Baidu and GOOGLE are the same brain just different bodies. GOOG is 800 in six months and apple will be at least 300 by then. Place your bets. They have bought so much companies in the past year that they are capitalizing on. For example on2 which does high end video compression. This is Big. There is TV from google and apple on the horizon. Don't be surprised if Goog and AAPL team up eventually to maximize the line of businesses.
another thing goog just did....their outside law firm in SF just filed app. that would let goog enter the energy trading market. probably wouldn't actually happen(i hope not), but interesting nonetheless.
Consider Goog like a technical Berkshire hathaway. When they file their reports for 2009 look at the filings and see what they are made of then look at their book value. Imagine the power of APPS in the universe. 1 billion cell phones at a mere 1 dollar makes a new revenue stream. I even have an app on there"myoffices" Free of course. Buying and shorting their own stock is as lucrative as selling ad space or an Iphone. This is a classic short mistake. Uncertainty and no fundamentals to short on. Whats next Google water. Remember that the insiders hold straight stock not on margin so they could buy more at anytime. Wrong direction... Its like a cult in those companies...