GOOG today

Here are my reasons that GOOG "WILL" go drop big time soon.

1- More shares will be added. Not added yet.
2- They warned about the outlook and next Q. revenue won't grow exponentially.
3- GOOG is entering into a fight mode and stealing AAPL, Ebay business. This strategy won't work as it has never worked for other companies who tried to put their nose into other businesses that they are not known for that or expert in that. OSTK wants to get into game rental that will fail. Blockbuster wanted to compete with Netflix in online rental that failed. It just shows GOOG feels that revenue is flattening and is desperately looking for other businesses that is not in his ally. When you get into other businesses , you cause a price war and the first company will be able to do better that you.
It will take a little time for the market to discharge the excitement caused by these announcements.
There is also a big rumor that a search engine like GOOG in an independent European company can be a good rival for GOOG as people's info can be kept private and they don't need to hand them to US authorities.
 
Funny thing is, it doesn't matter what you think. You can't exert your will on the market. Everyone thought GOOG HAD to go down when it went to 300, then at 400. Sure you will eventually be right, but will you remain solvent while it heads to 500? I have no trade in the stock, but I find it funny that you think rationalize what it HAS to do. It's going to go up if it wants to no matter what you think.


Interestingly, on yahoo finance, of 26,000 respondents, 68% thinks google is heading to 300 first. You know what that means - follow the herd? or follow the tape?

You're recommendations of late would have been taken to the slaughter house lately. "Sell 390 calls" ouch, that would have cost a nice chunk of change.
 
Again the excitement news lost their lusters and GOOG is ready for a moderate drop. Remember, I am not talking about $300. I still believe GOOG will close at around $368 in option expiry date. The chart hit the bollinger band yesterday and it confirms the drop (just one reason).
 
Quote from hajimow:

The chart hit the bollinger band yesterday and it confirms the drop (just one reason).
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May God help you if you're trading off bollingers. You've been talking down this stock since 370 or so? When would you become bullish, $500?
 
May God help you if you're trading off bollingers. You've been talking down this stock since 370 or so? When would you become bullish, $500?

I am not a kind of MOO MOO crowd trader. I look at the fundamentals, news, market, chart , everything. What would you do if tomorrow a bad news drops GOOG another $30 bucks. Look at my picks, I picked XLNX, a very strong stock . At 25.50. Now it is over 26 and is well ahead to 28 in a month. My other pick is INTC. Not too many are buying it now, well a surprise day is coming.
 
I'm waiting to short LEAPS vol into the report, so no position. So, to answer your question; it won't matter to me beyond the ramp in vol should GOOG trade to 370, but good luck with your short.
 
Haij, you are a bottom fisher and a top picker. If you don't know what eventually happens to these traders, go find out.
 
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