Yes. I don't know how many of you remember the SNL skits, but there was one where Jim Belushi was leading, and he said about an out-of-the-box plan, "It's so stupid it just might work!"
Shorting GOOG here is stupid, and won't work. Why? Because it's completely obvious. Everfy retail trader and investor who thinks they learned from 2000 is short this stock. Why I reversed course. You read Yahoo and EVERYONE is short this stock. If the analyst day goes well Wed., and the unlock turns out to be "tilting at windmills" as CSFB stated it would be, then GOOG is going to rocket. Remember, GOOG's employee base only recently expanded, meaning those shares may not be vested, available for sale.
GOOG has spiked down on no volume multiple times, starting with the open Wednesday last week. I've seen this set many times before in several markets. Further, all these people talking Naz bubble, before those stocks crashed, those stocks spiked up HUGE, meaning equivalent to GOOG rocketing to 400 on wild targets first. Not happening here. If GOOG were going to crash it would have been at least 250-275 by now, reach the targets quickly, handy excuse, then crash it. This is shaping up to be totally different.
No guarantee of course that I'm right, but I'm pretty confident that I am. If Wall Street blows this call, adios all credibility for the next 5-10 years. Boy who cried wolf: everyone thinks the upgrades are worthless fakes; watch them this time around prove to be accurate. I believe it.
So Oliever, you think GOOG could hit 600? |
