Quote from GlobalFinancier:
Took my "Short." post with it as well.
GOOG is a short now.
Cover.
GOOG today
- Thread starter Walther
- Start date
Cover.
GOOG Google estimates raised at RBC (389.99 ) -Update-
RBC raises their Q2 and full year ests for GOOG, saying their checks indicate acceleration in domestic search spending in April and May over Q1 levels. Firm also thinks that a weak dollar and continued monetization tweaks should more than offset the seasonal and World Cup-related volume decreases, suggesting upside to consensus is likely. Finally, the insider-selling window is closed until after the Q2 report, easing supply of shares. Reits Outperform and $465 tgt.
RBC raises their Q2 and full year ests for GOOG, saying their checks indicate acceleration in domestic search spending in April and May over Q1 levels. Firm also thinks that a weak dollar and continued monetization tweaks should more than offset the seasonal and World Cup-related volume decreases, suggesting upside to consensus is likely. Finally, the insider-selling window is closed until after the Q2 report, easing supply of shares. Reits Outperform and $465 tgt.
GOOG is ready to fall big. Fakeout with the breakout.
Is that an upside down cup w/handle? It could be a bear flag as well. Either way, prob. favors downside move. I backed up the truck and loaded up on some out month fall paper(puts). I hope you're right GF.
