Google cant keep running higher and higher forever, eventually things do come down. $500 in the 1st half of 2008 would be a buying opportunity, right??? Im sure no one thought that C would drop from 55 to 28 over a 3 month period, but it did just that. Why cant GOOG drop below 600, 500 or even 400 a share??
I don't normally post to this sort of stuff but I hate for a fellow to get burned taking GOOG short. FYI: My crystal ball is indicating GOOG will go up. What are you new? Day one = Follow the chart not your heart!!
This is to the orginal OP, I like goog as a short too. YOu DEF want to scale in on this one. Small size, one thing will happen you will get squeezed if you don't. goog hit 500 before 800, I feel confident about it, I might be wrong but I doubt it. Just be careful when shorting it.
Are you comparing a mortgage/subprime mess related stock like C with world dominating Tech bellweather like GOOG ? I admire your keen sense of wisdom..
It will be a cold day in hell when GOOG drops to 500 ... keep banging your drum you might get lucky one day..