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2 points   posted on 09/29/08
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Gekko
80%
+5.33%
 risk: moderate

Are you a buyer?


Google is trading at $381. Is it time to pounce?

  Related to:  
GOOG Google Inc


Comments (9)

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dbljay321   N/A     0 point   commented 50 days ago reply

let's only hope it gets that low.... I agree... grab it up.

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guliamo   46%     1 point   commented 49 days ago reply

Google looks delicious.. but not quite yet..

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Edward Ma   N/A     1 point   commented 46 days ago reply

maybe after six more mths.

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Gekko
Walter Thatcher   80%     1 point   commented 46 days ago reply

What's your price points, Edward Ma?

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stampada   77%     1 point   commented 46 days ago reply

is goog a buy?

1%, 1box p&f chart gives downside objective of 351.63. (vs current price of 354.46.)

weekly bar chart shows goog has declined to the strong support area churned out during most of 2006.

rsi, stochastics, and cci vs price are showing positive divergences.

however, it would be nice to see a more climactic volume level before taking a long position, although volume is presently higher than average.

it would seem that goog is somewhat oversold and ready for a corrective rally to at least 450, and possibly 500, 560, or 650.

i personally do not like the thrill of trying to catch a falling knife, and would wait for a bottom, rally, decline, and then upside breakout before making any sort of commitment. as you are well aware, in this business, it is much more likely to become impaled on the hook rather than to catch the worm.

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alephandtao   84%     1 point   commented 43 days ago reply

Google is interesting. It is hard to say how strong their position really is without knowing more about how their customers will be hit by the financial shortage. That is easier to assess for a traditional business.

I think that most of what is gone is the false optimism that tends to drive dreamers to tech stocks.

A key question may be how cost effective Google is to its customers. When they are looking to cut costs, will Google be one of the things on the chopping block?

Google went up too high too fast for the rise to be based on anything, and in the present market state I see the downside risk of it going way up with tech stock euphoria as improbable, so I'm keeping my sell rating.

Google is ubiquitous and an economic plunge that hits everybody is going to hit Google. It may be worse because people tend to go online with splurge money. For things that you really need you go to the mall or supermarket. People are going to be spending less money on splurges and a higher percentage of cash will be spent on the necessities due to low consumer confidence (and low credit).

End result- even if there is a brief boost in Google caused by technical analysts, it will be overtaken by reality in the short to medium term.

Depend on technical analysis in a market like this, at your peril. Technical analysis applies best to the usual case. The last time anything like what is happening now happened before was around 80 years ago before many of our modern instruments for analysis. There is no way to know how valid these instruments will be in these unique circumstances.

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Locationh   38%     1 point   commented 43 days ago reply

In this market I would not dare to make a call on Google. I still believe it has lower to go. Yahoo is the one in NT trouble. Chance a bet on them. Ripe for a takeover.

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abates   N/A     1 point   commented 40 days ago reply

I thought this was a buy a long time ago so here i dont know

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abates   N/A     1 point   commented 34 days ago reply

But I certainly say buy now


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