Have you looked at the US economy lately? You think advertisers are spending the same amount on advertising as they did a year and a half ago? I think not
Too many uncertainty makes advertisers less willing to spend and also makes consumers less willing to spend, with consumers taking up 70% of the economy, their change in behavior will affect the economy which is why, Bush keeps talking up the economy.
If you had put $20k in G stock just 2 weeks ago, you'd have only $16k left based on the closing after-hours price today. What I find very interesting is that it fell through the previous $529 support. If the Nasdaq is up Friday I suspect G will finish around $535 mark. If the Nasdaq is down, I believe we will see $519. At that price, I'd buy because I think it can get back to $600 in a month or so. /*tom*/
If MSFT and YHOO merger is approved, it will put pressure on Google and its stock, not a good thing for the big G. Tough days are ahead for GOOG.
I guess Yahoo lets Google be #1. Yahoo is quite lazy at improvements, but Microsoft is not. It is time that Google died.
Thing will change. I couldn't wait to see Google DIE. GOOGLE is going nuts today on me anyway. I am done with their Adwords for now. They raised one ad from 0.05 bid to $1 and $5, they raised the mini bid on all keywords of a clickbank movie download campaign from 0.20 to $10! Google is getting so desperated to make $ like all of us, or Google just hates me on my negative comments about them. Maybe that Google Toolbar is a spyware.. This is not my landing page, I know many DP guys are using the same movie dowload landing page for weeks like me.
Don't speculate on stocks market. If it's that simple, everyone would be rich trading stocks. The reasons you see GOOG cheap now is due to Recency Bias and Anchoring. GOOG can go down as far as the market wants it, so don't speculate. This is trading psychology. If you can't tame your mind, you will lose your pants after trading. What I'll do at this market state is to wait until the price breaks out the resistance and starts trending up. Again, price can bounce back down, but I'll cut the loss reasonably short if it does happen.
There is going to be a rebound when it gets around $500, The tech secter isen't that hott right now. QUOTE ME on this in the future when it does rebound off of $500 and goes up. Guys... Its google come on
And you can tell the other forum that at $500, Google wouldn't rebound. Whatever direction GOOG will go, you would still earn a bragging either at this forum or there.
Market goes up, and GOOGLE goes down, the market is smart enough to know what to buy and what to dump.. GOOG has broken some critical supports, if it goes below $500, watch out, 52 weeks low is coming, only $60 away.......
Meanwhile, I bought some Chinese stocks, these stocks should bounce up when the market goes up. U.S. economy has little impact on these Chinese companies. RCH is one I bought this morning, looking for $1 gain or 10-15% gain.
It is pure gambling and speculation. Take a look at the charts. What about it won't hold $500? You want to cut $20 loss? As I said, I won't touch GOOG with 10 feet pole... it is not the kind of bullish charts I want to play. Buy when it's turning to uptrend only.