Its time for a split whether they like it or not. The benefits of a split are not high for Google in the short but they must know they have capped out
When people see where not in a depression. btw, guyfromchicago If you can't get at least 50 shares of google you can't make that much -.-
Unfortuntately, I have made two mistakes this weekend just like when I trade stocks On one affiliate product, I advertised heavily and did well in conversion, then I got an email today said I violated their TOS, no PPC is allowed even I have a landing page for it. I don't understand, how would he know my traffic is from Adwords. Then when I wanted to make another ad campagin tonight, I accidently confused myself - I put the BID price = budget price, immediately, I spent $50s on 10 clicks, darn! So I wasted one share GOOG
Yep, GOOG is down to $560s in premarket, really not caught anyone by surprise if he/she just looked at its chart or the overall market.
GOOG hits the 1st support area - at the trendline on daily chart and at 50 period moving average on weekly. Daily: Weekly: Still see $520s though on weekly.
Hi Gem, whats your take on the 75 basis point cut? How much will it affect Google share price? The current situation is quite a bit of a zig zag for me.......
I think the Fed has finally acknowledged the economy is worse than they first thought. Google and the market is still downtrend on monthly and weekly. A bounce from $560 to $600 is a cat bounce after hitting the support.
Would the 75 basis point rate cut save the economy and reverse the current economic down trend in the middle-term (3 months to 6 months)? I guess none really knows. If it could, then buying GOOG at $550-570 range could mean very a nice entry if we look beyond 3 months hold. Right now, it has heavy resistence around $600. If it is going strong enough and reverse the current downtrend, GOOG could hit $620 quickly based on chart. GOOG 15 minutes daytrading chart......
IMHO the problem now is a crisis of confidence, a drastic cuts may no longer work and may work contrary to what the Feds hope for. It may take more than monetary policies to stimulate the economy and put it on track. Some form of fiscal intervention may be needed. Pardon me if I am wrong, tech stocks like GOOG tends to have the highest beta and is really not for the faint hearted in such circumstances. Of course the higher the risk, the more than gains.....it depends on your risk appetite.
Last after hours trade listed at $560 on nasdaq's after hours quotes. It will probably drop below $550 tomorrow.
It may be prudent to wait a while, the market is still in kinda flux, it takes a few more good/bad news to get a better picture.
I don't know why you'd do that other than a flat out bet that this all over. No one is suggesting that good times are certainly around the corner. And in the absence of clear upside indicators, there is just no reason to add IMHO. You might see a big day here or there over the next couple of months, but there's no way you could get in and out again fast enough. /*tom*/
Whoa whoa, that can totally be turned around from where it is now back up. I don't think it will fall below $400. But of the tech sector is THAT bad it will. Its just the news of the market right now thats controlling it
Be careful bro, it's wavering around $560-$565 right now but I have a feeling it's going to fall below $550 today. Volume is pathetic right now, less than 1/4 of YHOO and 1/20th the volume of AAPL. Apple is tanking also but if it drops to 135 a share it might be a decent buy.