GOOG crash $100

Here it is:
k0n9li.png
 
In one/two years, the market will prove both GOOG's business model and stock chart will flow EBAY's pattern - the common DOT com pattern.
2087d6x.png
 
This is why technology is never a good long term investment. Tastes and prefernces change so rapidly that long-term wealth is rarely created. Of course, this goes for 90% of technology firms, while 10% will actually do well like AMZN and IBM. Good example of Pareto's Pricniple.
 
Mar 26 15:24 GOOG Google cutting sales, marketing positions by nearly 200 - DJ (352.34 +8.27) -Update-



well, the first red flag...
 
Quote from Div_Arb:

This is why technology is never a good long term investment. Tastes and prefernces change so rapidly that long-term wealth is rarely created. Of course, this goes for 90% of technology firms, while 10% will actually do well like AMZN and IBM. Good example of Pareto's Pricniple.
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I agree with you!
 
Quote from apitrader:

Mar 26 15:24 GOOG Google cutting sales, marketing positions by nearly 200 - DJ (352.34 +8.27) -Update-



well, the first red flag...
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Google cut 200 out of > 20,000. It is a sign of a smart company. As they said, they had some redundancies. That is also why they cut 100 out of HR recently.

Google will not be down anywhere near $100 within a month. Your assumption on what the chart does indicates someone who knows little about REAL world business. Google will not drop like this because you detected something "in the chart"

Technology is an excellent area to invest in. It drives a lot of the productivity growth
worldwide.

You need to move your thread to Looney Tunes.

I know you will react, but seriously, it is painful to read your posts.
 
Quote from apitrader:

GOOG chart pattern predicts a $100 drop in one day. That will crash the whole market to test the low again in 1 month.
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Plausible scenario. Something to watch out for.
 
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