First, GOOG isn't looked on as favorably by Wall St as YHOO is. GOOG has 14 analysts at a 14, 11 at a hold, and 1 at a sell. YHOO has 22 at a buy, 8 hold, and 3 sell. Outside of Mary Meeker, who always has a vested interest in being bullish on 'Net stocks in general, I don't see the analysts pushing GOOG very hard at all. Even Goldman Sachs, who this thread thinks is so wildly bullish, hasn't been pushing GOOG heavily at all. I don't see Wall Street as hanging their hat on GOOG, not close.
On short interest, I don't see much of a spike in short sales, either. Short interest hasn't changed much at all in GOOG for 3 months now. And there hasn't been any issue in delivery with GOOG as opposed to a lot of other stocks that have been heavily borrowed.
I don't think any of the reasons 1 and 3 that cause you to be bullish actually exist. And reason 2 sounds neutral to me. |
