GOOG Stock

[GuyFromChicago]

Google's been doing some great things in the past year but their stock price is hovering around $615. That's quite a ways off their 52 week high. Do you think Google will have a breakout 2008 in terms of revenue or will this be a ho-hum year that will keep their stock price well off it's high?

[ericfromandys]

I've always found that Larry and Sergey are constantly pushing the envelope when it comes to pushing out new ventures. But that being said, I wouldn't buy Google stock because I think it's inflated by public hype (p/e of 48.2 currently....), which leads me to say that I wouldn't be surprised if it was a ho-hum year or even a back-to-reality year for google.

[GuyFromChicago]

Where do see the stock price wise at the end of 2008? The predictions last year were funny...lots of people were saying (hoping?) it would break $1000 by 12/31/07...obviously that didn't happen.

[Dreads]

I believe it will break $1000 mark but by 12/31/08

I mean what more can google do? (Thats the question..)

[gem.stocks]

Based on my own chart, I would say Google is heading down to $550, another $100 haircut is on the way. The economy is slowing down or into recession, Google cannot escape from it either.

[Kngavl]

Originally Posted by gem.stocks

Based on my own chart, I would say Google is heading down to $500-550.

Ah yes it's all clear now ...

[axemedia]

Originally Posted by Kngavl

Ah yes it's all clear now ...

It's coming back down to the trendline (at least), and 550 area looks like where that might be in a few months. Was high up along upper boundary of expanding Bollinger Bands, so should come back down as bands contract. MACD has been hight up in the overbought territory, time to swing lower till it finds oversold area again. Crossover of the RSI indicates its heading down. I don't use the SST indicator so i don't know whats going on with that one.

[wisdomtool]

The P/E is too high, given the current stock market correction I expect Google to drop in tandem to the stock market. I would recommend a Sell at this stage. There will be better times to pick up the stock.

[Amirmullick3]

wow, I never knew that was happening. I guess this would be a good time for me to sell my own GOOG stocks eh? Thanks a lot!

[wisdomtool]

Be extra careful of high beta stocks in such share market conditions. The DJ has been fluctuating wildly and Fed rate cuts now are now concentrating on how to prevent recession which will unnerve the typical stock investors.

Originally Posted by Amirmullick3

wow, I never knew that was happening. I guess this would be a good time for me to sell my own GOOG stocks eh? Thanks a lot!

[gem.stocks]

The weekly chart is more clear on where GOOG goes. RSI/Stochastic is on the way down but far from the bottom. It is downtrend (red candles) and no signs of a stop. A buy happens only there is a RSI cross over to the upside below 30. It is heading to 50 weekly MA (light blue line).

[wisdomtool]

Don't look good at all, if i really have to be in the stock market I would go for defensive stocks at this moment of time rather than financial or technology stocks.

BTW thanks for posting the charts.

Originally Posted by gem.stocks

The weekly chart is more clear on where GOOG goes. RSI/Stochastic is on the way down but far from the bottom. It is downtrend (red candles) and no signs of a stop.

[gem.stocks]

On the daily chart, it is trading below 50 day MA (white line) and heading down to 200 day MA around $580s (yellow line). It just broke the recent support line (orange) You can clearly see lower high - lower low..

[timallard]

what tool do you use to monitor stocks like that? jw..

[gem.stocks]

You're welcome. Since Nov, I've enjoyed more on playing Google Adwords than trading GOOG stocks. I am a full time trader, up or down $1K or $2K a day is very common when compare to $ in Adwords. But Adwords is much less risky or no risk at all compare to trade GOOG :-)

I have a Chinese ADRs trading thread, I post more here than on Elitetrader recently, LOL.

http://www.elitetrader.com/vb/showth...t=CHinese+ADRs

Originally Posted by wisdomtool

Don't look good at all, if i really have to be in the stock market I would go for defensive stocks at this moment of time rather than financial or technology stocks.

BTW thanks for posting the charts.

[gem.stocks]

The charts were made by myself through years of tweaking just like tweaking Google keywords and Ads. lol

The software I make the charts is a freebie though. If you don't make real time trades and not looking for minutes by minutes chart, you can use Yahoo for data feed on daily/weekly/monthly charts. The software is quotetracker (haha, no affiliate link)

http://www.quotetracker.com

Originally Posted by timallard

what tool do you use to monitor stocks like that? jw..

[godmode]

I work for a investment bank and also invest heavily in over 6 markets. GOOG stock post sub-prime is heading for resistance levels at $450-500 by May 2008.

[soniqhost.com]

It all depends on how long the economic effects of the mortgage shake out last.

[godmode]

Originally Posted by soniqhost.com

It all depends on how long the economic effects of the mortgage shake out last.

Well its not just the mortgage shakeout. Its about the dollar pegging agaisnt other CCY and then of course, interest rate drop and eventually leading to massive inflation. Thats when the US bubble will burst, leading into recessions.

This recession will last till atleast 2010.

[GuyFromChicago]

So what does everyone see as a good entry point (assuming you want to own Google stock, of course)?