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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (332)	4/19/2008 1:00:41 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 3209

GOOG was waaaay oversold, clearly they weren't going away. Don't understand shorting a stock like that, yeah they stumbled on earnings earlier in the year...but in the low 400's they were close to major support. Sometimes people get on a vendetta against certain stocks (usually mo-mo's) because they've outperformed in the past and some bears think that's irrational or whatnot. It does not make them a good short candidate! I'm not a huge fan, but that also does not make them a short candidate!<G> The next 40 points (to the 50% fib) should come awful quickly.... IBM making new ATH's this week is also very unbearish, particularly for tech.