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To: fedhead who wrote (6370)	1/20/2006 3:53:01 PM
From: Lizzie Tudor	Read Replies (4) \| Respond to of 15857

Earnings are not great and news is not good for tech, Anindo. Only 2 companies went up last year, GOOG and AAPL. Look at the historic trends for all US markets, the number of periods where the DOW and NAS are flat like last year are few and far between. This entire 2000-2005 period WAS a bear market for the nas with a DCB in 2003 that made some chartists think it was a "return to a bull". Now those same people are calling for a return to the bear, just like the bulls said Cisco always had to go up in Jan-March of every year, because it has been that way, RECENTLY. When you see quotes in the WSJ saying that we are in a "new era" and the historic 10% returns from the markets are no longer possible, thats when you want to buy not sell. I think a lot of people don't know what a non-bubble, good market looks like because they were never in stocks until around 97. edit - looks like a close at 2250. Well this is one for the record books for me recently. Of course these swings in GOOG seem wild but on a %-age basis are a lot less than I am used to seeing in CRM. Hopefully we get a better week next week, and then the week after are the numbers, crossing my fingers (and relying on my data that has not done me wrong- YET)

To: fedhead who wrote (6370)	1/20/2006 3:56:32 PM
From: dkrive	Read Replies (1) \| Respond to of 15857

Trying to be objective about GOOG here. As a long-term investor in GOOG calls from October 2004 through December 2005 (missed the run from 420-ish to 470), I have to agree with the bears here. GOOG has never seen this kind of action before on a percentage basis. Its previous intermediate-term corrections have really been flat consolidations. Very bullish. GOOG was a 2005 story, and I am beginning to think that 2006 will be harsh for GOOG (meaning flat at best for most of the year). The character of this stock has changed. This action is not so bullish. The best thing for this stock long-term is for a consolidation in the high-300s for the next 6-9 months. Intelligent comments and counterpoints are always appreciated.