I really don't understand why google dont expand on google base. They could potentially take out ebay in a blink of an eye...and that would easily put there share price above $500. It would also increase their profits by quite a lot. I also think ebay have been aquiring other companies because they see this threat, and want to spread the risk. If I was Schmidt i would certainly be contemplating that as my next move...then again...they are probably waiting for the launch of google wallet before the whole auction thing could take off. P
Good to be back Shoemoney... Back to shorting stocks, if you would have shorted Yahoo before the first dot com bust you could have made a fortune!
Well yes...but if youre looking for a really good investment...shouldve shorted a company that went bust, plenty of those in 2001
Exactly right, Amazon, Netscape and most of the tech stocks across the board could have been shorted in 99, those that took short positions then made millions, some made Billions
Mostly Wall Street firms that must trade their own positions, they are the one's who take short positions to hedge their vast portfolios, they even short stock in your account while you are long if you have a margin account!
For anyone who isn't sure why google stocks have dropped twice now. Reason for the first drop: The error of judgement in closing the China deal Reason for the second drop: Lower than predicted profits for the quarter
First reason was a stock market shock in Japan with an internet company over there that had problems and a major general sell off in the major markets!
Now google is going back to the $300s IMO. Its broken its last trend line until it hits the $325 area. About $325 is another support, after that its the last trendline to catch the fall. If google moves through $300 its down down and down.