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Technology Stocks : Alphabet Inc. (Google)
GOOGL 305.26+0.9%11:14 AM EST
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From: olivier asser2/7/2005 9:51:05 AM
  Read Replies (3) of 15857
 
I just reversed GOOG. Sold puts; now all in calls.

I've been working on GOOG all week-end, and have come to the conclusion that:

1. Every amateur short has loaded betting on a rapid slide because of the lock-up expiration;

2. The lock-up if it doesn't pressure the stock is going to rocket the stock - I'm beginning to believe the lock-up is going to be a non-event, would be far too easy and obvious to dump on that known news;

3. The Goldman upgrade target of 265 but especially the earnings estimate which gives GOOG a relatively low P/E for this year's earnings at this price.

My main reason is 3. GOOG is basically right now Wall Street's most important market call. After all the scandals of the past five years, WS cannot afford to be wrong on GOOG, would cause credibility damage that would take years to rebuild.
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