MichaelZZ

Culling Strong Tech Names

Trader Mark,
I hope you don't do too much trading.
Fundamentally, the reason GOOG was @ $460 was due to the "click counting", if you recall.
Q1's results negated the perception of a problem and the lid was blown.
There is a staff and flag formation since that event (Q1).
When GOOG was around $585, I suggested that we would not see $520, again.
Well..., for a period of about 76 minutes, over two days, it was below that mark. My bad!
Assuming that we don't have a greater general market meltdown, GOOG should be sitting around $630 by Jan 2009.

Enjoy,

Michael Z.