GOOG today

Quote from Handsome:

I am no stock trader but I do watch things and I will give you my "gut" feeling and that is I think GOOG is on it's way to $500.00 in the very near future but I honestly am sick an tired of google ads and ad sense.

Someday, on some earnings report, google will truly disappoint and it will get smashed like never seen before but I don't think that time has arrived yet..but I do think that will happen in 2007.

That is my gut feeling.
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It looks like my gut was telling no lies :)
 
is this a gut feeling or a stomachache or a woman's intuition?

Gut feelings are not known to survive trading very long. Of course that just my indigestion talking :D
 
broke 420.... broke 440... as predicted.. it was indeed a breakout

Quote from bttweb:

long overdue breakout is now apparent... should break 420 anytime soon. and hopefully 440....



:D
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An interesting Technical and Fundamental Research about GOOG:
http://www.3stocksonfire.com/trading/index.php?topic=7216.0

5. General Overview

I actually think GOOG has a lot to grow over the years, and maybe even be the first company in the history of the world to reach the mythical mark of $1 trillion market cap. The risk to this scenario is the competition, possibly being attracted to GOOG's high margin business.

I also have some short term concerns: there has been some increase in the number of shares outstanding and Q4 earnings estimates of $2.88 per share seem hard to beat. The weak volume confirms this suspicion I have that GOOG won't hold current levels for long.

6. Trading Plan

My trading plan for GOOG is to wait for a correction to get in, maybe after the short fall of the 4Q numbers. I'll keep monitoring the stock and waiting for an entry point closer to the long term ascending trendline, which now stands at $399 (it rises $0.55 each trading day, so in 40 trading days it will be at $421).
 
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