Forbes: GOOG could fall 50% in 2006

cud go to 340 before we see some buying coming in here but heck, how do u know, it's all about sentiment shift and its a tough call...better wait for it to build a 5-10% cushion followed by some consolidation before buying
 
If I'm working for Forbes like the guy who predict that GOOG will fall by n%, I will stop working for a regular wage and then SHORT GOOG, and will be very rich!!!

Who will really know that GOOG will decline or rise and specially by a certain percentage, it's up to GOOG (Wall Street) to rise or decline.
 
Quote from popesidious:

all this bad sentiment on GOOG is music for the ears of a contrarian. maybe the time has come to go long again.
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so because a limited number of people don't like google that means a long position is contrarian?

hmmm

contrarian strats only work when you're going against what the idiots think
 
well, it didn't fall 50%
still, he got lucky imo, for every analyst that make a recommendation or a call that proves to be right there are 100s of them that call to position right before the mkt reverses; and of course they keep getting it wrong..over and over.
 
Quote from flyingiguana:

so because a limited number of people don't like google that means a long position is contrarian?

hmmm

contrarian strats only work when you're going against what the idiots think
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I unfortunately listen to CNBC all day. Less than one month ago all you heard about Google was good, very good, I even remember a troll saying that he was expecting Goog to reach $2,000!!! That's when I said to my partner, "Maybe Goog is topping". I didn't short it, I don't trade NASDAQ.

Now all them coments I hear are negative, CNBC, this forum and overall. So why not?

Kind regards

PS
 
Quote from popesidious:

I unfortunately listen to CNBC all day. Less than one month ago all you heard about Google was good, very good, I even remember a troll saying that he was expecting Goog to reach $2,000!!! That's when I said to my partner, "Maybe Goog is topping". I didn't short it, I don't trade NASDAQ.

Now all them coments I hear are negative, CNBC, this forum and overall. So why not?

Kind regards

PS
More...

goog didn't drop enough. no news period could mean it goes up but there's still a generous premium on google.

if anything scares the sheep, goog could drop like a rock. going long goog is risky, would have to be very very careful. honestly the risk/reward doesn't seem to be worth it
 
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